Nomura upgrades Bharti Airtel to 'buy'

Nomura said on Wednesday it had upgraded India's leading mobile services operator, Bharti Airtel, to "buy" from "neutral".                        

"After being cautious on Bharti since mid-2009, we now think the risk-reward is skewed to the upside," it said in a note.                       

At 10:32 am (0502 GMT), shares in Bharti were trading 0.7%lower, while the main stock index was barely changed.