Idea Cellular becomes part of Nifty 50; stock rallies over 3%

Shares of Idea Cellular surged over 3 per cent in early trade after it became part of benchmark Nifty index with effect from today. Demand from index-based funds are expected in the counter following its inclusion in the Nifty. The stock later cut gains and slipped into red in intraday trade.

The company in the recently concluded spectrum auction seems to have picked up more than double of what it needed to in the 1800 Mhz band, while securing continuity of its business across all the n .. 

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