Reuters Market Eye - Shares in Bharti Infratel rose 1.3 percent after the FTSE said on Friday it would include the mobile tower company to its large cap index starting on January 7, with an investability weighting of 9 percent.
Market participants said the move was sentimentally positive, and would prompt buying from passive trackers of the FTSE indexes.
Bharti Infratel shares slumped 13 percent on its listing day on Friday, weighed by cautious outlook for the mobile tower operator.
(Reporting by Manoj Dharra)
Trending On Reuters
A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors – above all state banks trying to recover $100 billion in bad loans – shouldn't start celebrating just yet. Full Article | Factbox