It is a lukewarm start to the biggest-ever spectrum auction. The government has garnered bids worth Rs 53,500 crore on day 1 but there was no takers for the coveted 700-mhz band yet.
Global triggers are firm but cross border tension may keep investors nervous. After Uri, there was another terror attack in Kashmir. 1 BSF jawan was killed and another was injured after terrorists opened fire near an army camp of in Baramulla. However, Defence minister reiterated India is prepared for any escalation or eventuality. He pledged that the borders are completely safe under the Modi government.
