Bharti Airtel surges 5% on hopes of weightage increase in MSCI indices

Shares of Bharti Airtel surged 5 per cent to Rs 610 on the BSE on Friday after the global index provider MSCI said it will take a decision on increasing the weightage of the telecom services provider at upcoming index review in February. The stock was trading close to its record high level of Rs 612, touched on May 20, 2020.

On Tuesday, Bharti Airtel had announced that it has received required regulatory approvals for 100 per cent foreign direct investment (FDI) in its downstream companies. The company said it is initiating the process to revise its foreign investment