It says a continued tariff repair trend over the coming years, buoyed by a favourable regulatory environment and persistent affordability will help the telecom sector revive and stabilize.
Selling pressure mounted on the Indian stock markets on Thursday after the SEBI regulation on F&O, and with another main reason being the continued foreign outflows from Indian markets to other Asian markets.
Indian stock market indices Nifty and Sensex opened flat on Tuesday as the markets entered a consolidation phase after foreign investors turned towards other Asian markets like China and Hong Kong.
Indian markets started the fresh week with a decline following weak global cues and a downturn in Asian markets. Globally, markets are under pressure as the Fed meeting date approaches and due to the slowdown in growth in Germany and the Chinese economy.
The Indian equity market on Tuesday opened flat note. The Benchmark indices BSE sensex opened at 82,652.69, up by 92.85, and Nifty at at 25313.40, up by 34.70.
Indian markets started Wednesday's trading session on a positive note, following a global rally. The Nifty 50 index opened with a gain of 296.85 points or 1.24 per cent, reaching 24,289.40 points, while the BSE Sensex opened at 79,565.40 points, up by 972.33 points or 1.24 per cent.