Bharti Infratel shares gain on FTSE inclusion

Shares in Bharti Infratel rise 1.3% after FTSE said it would include the firm to its large-cap index starting 7 January
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First Published: Mon, Dec 31 2012. 01 41 PM IST
Bharti Infratel shares slumped 13% on its listing day on Friday, weighed by cautious outlook for the mobile tower operator. Photo: Mint
Bharti Infratel shares slumped 13% on its listing day on Friday, weighed by cautious outlook for the mobile tower operator. Photo: Mint
Mumbai: Shares in Bharti Infratel Ltd rose 1.3% after the FTSE said on Friday it would include the mobile tower company to its large-cap index starting 7 January, with an investability weighting of 9%.
Market participants said the move was sentimentally positive, and would prompt buying from passive trackers of the FTSE indexes.
Bharti Infratel shares slumped 13% on its listing day on Friday, weighed by cautious outlook for the mobile tower operator.
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First Published: Mon, Dec 31 2012. 01 41 PM IST
More Topics: Bharti Infratel | FTSE | shares | Sensex |
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