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BSE Sensex flat, telecom shares fall

Feb 19 2013, 10:58 IST
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BSE index falls 0.02 percent, while the 50-share NSE index falls 0.04 percent. (Reuters) BSE index falls 0.02 percent, while the 50-share NSE index falls 0.04 percent. (Reuters)
SummaryBSE index falls 0.02 percent, while the 50-share NSE index falls 0.04 percent.

* The BSE index falls 0.02 percent, while the 50-share NSE index falls 0.04 percent.

* Likely candidates for banking licences gain a day after RBI Deputy Governor Anand Sinha told local television news channels the central bank will issue final guidelines on new bank licences before the end of March.

* The guidelines had been expected, and dealers say the comments confirm there won't be any significant delays.

* Among these candidates, IFCI Ltd shares gain 2.4 percent, Mahindra and Mahindra Financial Services Ltd rises 1.8 percent, and Shriram transport Finance Co Ltd is up 1 percent.

* However, mobile operators fall after wireless broadband airwave holders were allowed to provide voice services by paying additional fee, a move that is seen benefiting 4G licence holder Reliance Industries Ltd, but leading to more competition in the sector.

* Bharti Airtel Ltd shares fall 1.8 percent, Idea Cellular Ltd is down 1.7 percent.

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