Airtel 5G rollout: A couple of cities have been shortlisted for the first phase rollout. These include Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai and Pune.
Indian equity benchmarks on Monday surged despite weak cues from the Asian markets, led by strong interest in banking and metal stocks. The 30-share BSE Sensex jumped 443 points or 0.75 per cent to close at 59,246; while the broader NSE Nifty moved 126 points or 0.72 per cent to settle at 17,666.
India's biggest spectrum auction for 72 GHz (gigahertz) of 5G airwaves worth Rs 4.3 lakh crore has started today. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of Gautam Adani's Adani Enterprises are in the race to bid for 5G spectrum.
We had mentioned in previous week’s closing report that Nifty, Sensex were under pressure on inflation and rate hikes and all eyes were on US inflation data.