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19 October, 2016 4:20 AM Buy Larsen & Toubro, SBI, Wipro: Mitesh Thacker

Mitesh Thacker of told CNBC-TV18, "Amongst the largecap index stocks, Larsen and Toubro (L&T) had a very strong bar reversal pattern. So I think the short-term upmove could see prices head towards Rs 1,525, possibly Rs 1,540 and this can be a buy with a stop loss below Rs 1,470." " State Bank of India (SBI) is trying to come out and negate 231

18 October, 2016 11:40 AM Prefer ICICI Bank, SBI; positive on Satin Credit Care: IIFL

Sanjiv Bhasin of IIFL is of the view that one may prefer ICICI Bank, SBI and IndusInd Bank from the banking space and has a positive view on Satin Credit Care. Sanjiv Bhasin of IIFL told CNBC-TV18, "Three of the banks, the biggest corporate lender which has turned positive, ICICI Bank , we think this can go all the way to Rs 330. With 1.5 times price 150

18 October, 2016 11:22 AM Sensex Rockets 521 Points to Pull Off Biggest Gain in 5 Months

Mumbai: Market went all guns blazing after the benchmark Sensex on Tuesday leaped 521 points — its biggest single-day gain in nearly five months — to 28,051 and the Nifty crossed the 8,600-mark on a flurry of buying amid solid overseas cues. Investors were markedly optimistic in anticipation of positive announcements on the GST front as the GST Council 207

17 October, 2016 6:15 PM Essar Oil deal may give breather to bank NPAs

Analysts say the deal gives the Essar Group an opportunity to reduce debt in its steel and power firms The acquisition of Essar Oil by Russian firm Rosneft along with other investors has brought cheer to beleaguered Indian banks that have been bogged down by rising stressed assets over the past four years. While loans to Essar Oil, to the tune of Rs.28,000 crore 100

17 October, 2016 2:17 PM Laurus Labs Gets Sebi's Go Ahead For IPO

New Delhi: Drug ingredients maker Laurus Labs has received markets regulator Sebi's go ahead to float an initial public offering. Hyderabad-based firm had filed IPO papers with Sebi in August. The markets regulator issued its final 'observations' on October 10 on the draft offer documents, which is necessary for any company to launch the public offer 108

17 October, 2016 1:27 PM Equity markets plunge on lower guidance, US rate hike fears (Roundup)

'Mission Mumbai Local' platform launched for commuter Lower earnings guidance from IT majors, along with heightened chances of a US rate hike and outflow of foreign funds dragged the Indian equity markets to close in the red on Monday. Besides, broadly negative global markets, caution over the ongoing quarterly results season and lower crude oil prices 107

17 October, 2016 1:18 PM Market tumbles on weak European cues

Mangalam Seeds to hold board meeting Auto, telecom sector stocks and index heavyweights Reliance Industries, HDFC and HDFC Bank led modest losses for key benchmark indices in a volatile trading session. The barometer index, the S&P BSE Sensex, fell 143.63 points or 0.52% to settle at 27,529.97. The decline in the Nifty 50 index was higher than the Sensex's 135

17 October, 2016 12:15 PM Sensex fails to keep early lead, slumps to 3-month low

Unnerved by a muted start to second quarterly earnings and a lacklustre global trend Stocks saw a positive start on Monday, only to reverse the trend later as the Sensex fell about 144 points to end at an over 3-month low, unnerved by muted start to second quarterly earnings and a lacklustre global trend. The numbers from both TCS and Infosys fell short 208

17 October, 2016 9:37 AM Sensex Falls 150 Points On Selloff In Auto, Capital Goods Stocks

3.00 p.m.: Makets extended fall as selling in auto and capital goods shares intensified. The Sensex was down 144 points, while the Nifty traded 60 points lower at 8,523. The Nifty Auto, NSE's sub-index for auto shares fell over 2 per cent. Mahindra & Mahindra, Eicher Motors were the prominent losers in the auto index, down nearly 3 per cent each. 2:48 p.m.: From the Nifty 210

17 October, 2016 5:46 AM Nifty stuck below 8600, Sensex in green; banks up on Essar deal

Banks stocks like Axis Bank, ICICI and SBI are gaining on Essar oil deal. Essar Oil deal may directly benefit ICICI Bank's exposure. ICICI's 'watchlist loans' portfolio stands at around Rs 38723 crore. The market is completely flat though bank heavyweights are leading support. The Sensex is up 46.20 points or 0.2 percent at 27719.80 and the Nifty is down 0.25 points 112