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India VIX was up by 2.68% from 11.83 to 12.14 levels on Monday. Volatility was slightly higher but the overall market was in a broader trading range.
The company’s representation and objections were in respect to license fee demand of Rs. 1,749 crore and Rs. 1,524 crore for FY2015-16 and FY2016-17, respectively.
Vodafone Idea (Vi) has met with yet more financial woes after the Department of Telecommunications (DoT) dismissed its appeal relating to its outstanding licence fees for the fiscal years between 2015-16 and 2016-17.
A long build-up was seen in 81 stocks namely Delta Corp, India Cements, Dr Lal PathLabs, Sun TV Network, and Lupin.
All sectoral indices end lower, led by Nifty IT which slumped over 2 percent. Media, FMCG, auto and consumer durables were down over a percent each