Markets in Trouble
Foreign investors still buy stocks
FIIs extended their record net purchases of Indian stocks to a 26th consecutive sessions on Thursday, despite sharp share falls sparked by worries the Fed would unwind its monetary stimulus earlier than expected. Full Article | Track BSE indices
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MARKET EYE-As Idea gets set to post results, watch Bharti shares
* Investors in Bharti Airtel Ltd are keenly waiting rival Idea Cellular Ltd's October-December earnings results due later in the day. * Idea is much smaller than Bharti in revenue terms, but both mobile carriers operate on GSM technology and have similar kinds of subscribers. * As well, both companies' mainstay is second-generation (2G) voice although there has been a greater push in recent months to increase revenue from mobile data. * That may help explain why Idea and Bharti shares have seen a correlation of 0.86 in the past three months. * "Idea's numbers would also answer whether the 2G industry is growing or not, which should have bearing on Bharti too," said an analyst tracking the sector. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
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