Smooth start to December series…Nifty back above 7900
Shares of Idea remained in action today. Amar Ambani, Head of Research, IIFL, said, “In a sign of spectrum consolidation in the sector, Idea would buy contiguous spectrum in 1800MHz from Videocon in key circles of Gujarat and UP (W); although the buyout price is expensive compared to March 2015 auction, we continue with our bullish stance on the company.”