Worms digest 25 June 2013

Good Morning !!!

Sensex - 18541 (-1.24%), Nifty - 5590 (-1.37%)

Dow -14660 (-0.94%), S&P - 1573 (-1.21%)

Nikkei - 13147 (+0.65%)

Telecom - Keep fingers crosses

• Pricing war and competition may not be over yet...Sistema which offers services under MTS brand has launched new scheme under Rs.199, 30 day plan which entails unlimited  calls on its network...i.e. MTS to MTS. Customers also get 1000 minutes talk time on non-MTS networks.  
• Rumor mill also suggest that Sistema is in talks to buy out Tata's stake in telecom venture with Japan's NTT Docomo, which, suggests aggressive plans from Sistema for Indian telecom market and pricing will remain a key instrument to drive its market share. 
• Government is set to announce spectrum pricing today and telecom player would be keeping fingers crossed as to how much further reduction in pricing would be made after failure of auction in March. 

Jet-Etihad deal takes set back as ball is now in SEBI's court

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
...Paul Samuelson