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Indian stock market daily closing report (October 18, 2012)

October 18, 2012, Thursday, 13:00 GMT | 08:00 EST | 16:30 IST | 19:00 SGT
Contributed by Nirmal Bang


Indian markets opened on a flat note today. The market experienced a smart rally in late morning trade lead by banking & realty stocks. Bharti Airtel & Idea ended in red today as the Telecom Commission announced that all spectrums given to operators in the 900-MHz band would be reframed to the 1,800-MHz band at the time of renewal of licenses.

The breadth of the market was positive in today’s trade.