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Market move▼ Bearish for Indian equities
FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?
The brief
- FIIs have sold Indian telecom stocks for eight consecutive months, with CY26 outflows above Rs 32,000 crore
- Sustained foreign selling pressures Indian telecom stocks, while heavy 5G capex adds to sector concerns
- Services growth figures differ: reports cite 10 or 17 sub-sectors growing double digits in July
- ‘Smart move’: Vodafone Idea bundles free roaming to chase subscribers; Nomura stays ‘Neutral’
- Russia strikes Kyivstar headquarters and data centres in Ukraine
- Government changes mobile recharge rules, here is what Jio, Airtel and Vi users need to know
- Relief for customers as government introduces regulations mandating Telecos to offer 30-day recharge, voice and SMS-only