Outlook: - Nifty, despite repeated attempts by bulls, continues - TopicsExpress

Outlook: - Nifty, despite repeated attempts by bulls, continues to trade weak closing a shade below 7,650 levels. Volumes continue to be tepid. - Globally markets are trading weak as investors churn out of risky bets to safer asset classes, in light of growing geopolitical tensions. - Nifty to would open with weakness and likely to test 7,600 support early on. News: - RBI has relaxed norms pertaining to takeout financing for existing infra loans by lowering minimum takeout requirement to 25% from 50%. - Bharti Airtel (BHARTI IN) has raised Rs. 21bn by selling 4.5% stake in its tower subsidiary, Bharti Infratel (BHIN IN) through the OFS route. - HNDL IN: Cos subsidiary - Novelis Inc reported PAT of $35 mn in Q1 against $14 mn in same period last year. - IDEA IN: BSNL has threatened to disconnect links with Idea across seven circles on grounds that private operator has not signed a fresh interconnection agreement. bit.ly/1utkr6y

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