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Business News/ Companies / News/  Bharti Infratel shares gain on FTSE inclusion
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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

Bharti Infratel shares slumped 13% on its listing day on Friday, weighed by cautious outlook for the mobile tower operator. Photo: Mint (Mint)Premium
Bharti Infratel shares slumped 13% on its listing day on Friday, weighed by cautious outlook for the mobile tower operator. Photo: Mint
(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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Published: 31 Dec 2012, 01:41 PM IST
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