Idea Cellular (up 2.92%), Bharti Airtel (up 1.84%) and Tata Teleservices (Maharashtra) (up 1.73%), edged higher.
MTNL (down 0.29%) and Reliance Communications (down 0.27%), edged lower.
The S&P BSE Sensex was down 202.36 points, or 1.01% at 19,832.12.
According to reports, Prime Minister Dr. Manmohan Singh will chair a meeting of senior ministers today, 16 July 2013, to discuss a proposal to increase the limits for foreign direct investment in a number of sectors, including the telecom sector.
Last month, a government-appointed panel headed by Economic Affairs Secretary Arvind Mayaram proposed higher foreign-direct-investment caps to bring in long-term foreign capital and boost economic growth. In its report, the committee recommended removing the limit in telecom, where the cap is 74% currently. Any changes to the current policy on investment will need to be cleared by the Union Cabinet.
Idea Cellular unveils Q1 June 2013 results on 1 August 2013.
Powered by Capital Market - Live News
