Market News
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India's telecom subscriber base jumps 7.86 million in January, broadband growth lags
India's telecom subscriber base saw a significant jump in January. Wireless connections led this surge, adding millions of new users. Broadband growth, however, remained slow. Urban areas experienced more subscriber additions than rural regions. Active mobile users represent a large portion of the total base. Machine-to-machine connections also increased. Mobile number portability requests indicate a competitive market.
Subex wins multi-year deal from a leading North African Telecom operator
The Operator, who is part of the largest multi-country telecom group selected Subex for its flexible, governance-first EAM approach, which integrates seamlessly with Enterprise Resource Planning (ERP), Geographic Information System (GIS), and Network Management System / Element Management System (NMS/EMS) systems. Powered by Subex HyperSense, the solution enables centralized 360 asset visibility, Fixed Asset Registry (FAR) reconciliation and workflow automation.
Govt approves 104 projects worth Rs 271 crore for 6G tech research: Mos Telecom
India is advancing towards 6G technology. The government has approved 104 projects valued at Rs 271 crore for research and development. This initiative is part of the Bharat 6G Vision, aiming to position India as a global leader by 2030. The government is also establishing 5G Use Case Labs and supporting test beds to foster innovation and build future capabilities.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Closing Bell: Nifty below 25,200, Sensex tanks 961 pts; realty, metal, FMCG top drag
Nifty Midcap and smallcap indices down 1% each. Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma were among the top drags on the Nifty, while gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.