Outlook: - Snapping 10-day gains, Market closed in negative - TopicsExpress

Outlook: - Snapping 10-day gains, Market closed in negative terrain led by Banks (usually lead indicators). Although the trend of last-hour buying continues. - Globally markets remain a mixed bag ahead of crucial US jobs growth data. The pack though is all set to post second successive week of positive closings. - With General elections beginning from early next week, they would continue to drive underlying sentiments. - Earnings season too begins next week which would induce stock-specific moves. News: - BHARTI IN: As per media report, Airtel, which has 4G presence in six cities, has started offering the services at g rates in order to ramp up its presence ahead of impending cometition from Reliance Jio which plans to launch services from 3QFY15. - BHARTI IN: The telco has become second largest cellular operator in Nigeria in terms of subscriber base with the total customer number of 26.19 mn subscribers in Nigeria while MTN has 57.18 mn users. - UT IN: Unitech Corporate Parks (UCP) - a Unitech group firm listed in London, is in talks to sell its majority stake in Six IT SEZ/Park projects in India. According to sources, the total value of these six assets could be in the Rs 80-100bn range at present. UCP has 60% stake in each of these projects while Unitech has the remaining. Unitech holds 13.7% stake directly in UCP. bit.ly/1lEWxUe

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