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Telecom stocks are expected to trade rangebound next week on account of a truncated week. On Monday, the market will remain closed due to Holi celebrations. The broad market is also expected to trade in a range after the National Stock Exchange's 50-share Nifty and S&P BSE 30 share Sensex touched lifetime highs this week. On Monday, the Sensex touched a lifetime high of 22,023.98, while lifetime high of 6,562.85 by Nifty was reached on Tuesday. Action is expected to be stock-specific in the coming sessions. The broad market may remain slightly volatile on account of the Lok Sabha elections, which will commence from Apr. Investors next week will the eye the February subscriber numbers of telecom services based on the global system for mobile communications platform due to be released by industry body Cellular Operators Association of India. Idea Cellular is expected to follow the trail of Bharti Airtel and trade rangebound.
Telecom stocks are expected to trade rangebound next week on account of a truncated week. On Monday, the market will remain closed due to Holi celebrations. The broad market is also expected to trade in a range after the National Stock Exchange's 50-share Nifty and S&P BSE 30 share Sensex touched lifetime highs this week. On Monday, the Sensex touched a lifetime high of 22,023.98, while lifetime high of 6,562.85 by Nifty was reached on Tuesday. Action is expected to be stock-specific in the coming sessions. The broad market may remain slightly volatile on account of the Lok Sabha elections, which will commence from Apr. Investors next week will the eye the February subscriber numbers of telecom services based on the global system for mobile communications platform due to be released by industry body Cellular Operators Association of India. Idea Cellular is expected to follow the trail of Bharti Airtel and trade rangebound.
