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NEW DELHI: Nifty Bank index closed the day rising over 1 per cent.

The index finished at 26,413, up 1.08 per cent on Friday, with shares of Bank of Baroda and Axis Bank as top gainers.

Stocks such as Kotak Mahindra Bank, ICICI Bank, YES Bank and State Bank of India advanced over 1 per cent.

HDFC Bank and Federal Bank climbed almost 1 per cent.

Punj

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Buy Reliance Industries Ltd, target Rs 995: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Reliance Industries Ltd. with a target price of Rs 995. The current market price of Reliance Industries Ltd. is Rs 980.7. Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach a defined target. Dr CK Narayan recommended to keep the stop loss at Rs 970.

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By Krista Gmelich and Austin WeinsteinWalmart Inc. sank after announcing its largest acquisition ever, a 77 percent holding in India’s Flipkart Group for $16 billion. Wall Street got a bit of sticker shock as Baird noted that “the price tag is hefty” and Susquehanna described the expected short-term dilution as “brutal.” Analysts were more optimis
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Tech View: Nifty makes bullish candle; analysts say stay light
NEW DELHI: Nifty50 on Friday breached a strong hurdle at the 10,784 level on a closing basis to reclaim the 10,800-mark -- a day ahead of the polls in Karnataka -- suggesting the bulls are in the driving seat.

While the outcome of Karnataka elections will have a bearing on the market in the short term, from purely technical basis, charts suggests

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Oil price rise gives EVs a big boost
NEW DELHI: The spike in oil prices following US move to impose sanctions on Iran has given new momentum to India’s ambitious e-vehicles programme that aims to reduce oil imports, cut emissions and boost energy security.

The government is already giving a big push to e-vehicles because of its commitments at global forums to control carbon emissions

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US producer prices rise slightly after recent gains
NEW YORK: US producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.

The slowdown in wholesale price growth reported by the Labor Department on Wednesday is likely temporary as

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F O: Fall in VIX suggests traders not worried about Karnataka polls
By Chandan TapariaThe NSE benchmark Nifty on Friday opened gap-up and witnessed sustain buying interest till the end of the session. It formed a bullish candle on daily and weekly scale by surpassing immediate hurdle of 10,785 zone.

The index has given a decisive close above the 10,800 zone after consolidating between 10,600 and 10,785 levels in

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Stocks in focus on May 11, 2018
NEW DELHI: Domestic shares are likely to see a positive opening on Friday, tracking Nifty on Singapore Stock Exchange (SGX) and firm global cues. At 08:01 am, the Nifty futures on SGX were trading 52.50 points or 0.49 per cent higher.

Here is a list of top stocks that are likely to be in focus in today's trading session:

Fortis, Dabur: Fortis

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Market Now: ICICI Bank, HDFC Bank keep Nifty Private Bank index in the green
NEW DELHI: Gains in shares of ICICI Bank (up 0.93 per cent), RBL Bank (up 0.79 per cent) and HDFC Bank (up 0.66 per cent) were keeping the Nifty Private Bank index a little up in Thursday's trade.

The Nifty Private Bank index was trading 0.12 per cent up at 15,039 around 10:30 am.

Shares of IndusInd Bank (up 0.22 per cent) and Kotak Mahindra Bank

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Sensex rises 100 pts; Nifty50 above 10,750; PCJ rallies 18%
NEW DELHI: The bulls took centrestage in opening deals on Friday, thus helping headline indices to log decent gains.

At 09:24 am, the S-P BSE Sensex was trading 62 points higher at 35,308 with Asian Paints (up 2 per cent) being the top index gainer and Bharti Airtel (down 6 per cent) the worst laggard.

On similar lines, the broader Nifty50

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Here’s a lowdown on top macro triggers that may move market on Friday. This report was compiled from agency feeds.

Bank of America Analysts See Oil at $100 Next YearBank of America Merrill Lynch amalysts have raised the bogey of $100 crude. Brent crude cost that much per barrel in September 2014. A team of commodity strategists led by Francisco

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Market Now: ICICI Bank, HDFC Bank keep Nifty Private Bank index in the green
NEW DELHI: Gains in shares of ICICI Bank (up 0.93 per cent), RBL Bank (up 0.79 per cent) and HDFC Bank (up 0.66 per cent) were keeping the Nifty Private Bank index a little up in Thursday's trade.

The Nifty Private Bank index was trading 0.12 per cent up at 15,039 around 10:30 am.

Shares of IndusInd Bank (up 0.22 per cent) and Kotak Mahindra Bank

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Buy ONGC, target Rs 196: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Oil And Natural Gas Corporation Ltd. with a target price of Rs 196.0 . The current market price of Oil And Natural Gas Corporation Ltd. is Rs 188.15. Time period given by analyst is Intra Day when Oil And Natural Gas Corporation Ltd. price can reach defined target. Manas Jaiswal recommended to
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Mumbai: The Walmart-Flipkart deal, the largest M-A in India by a wide margin, points to a boom in the domestic organised retail industry that is estimated to more than double in four years to about $115 billion by 2020.

Flipkart is expected to make losses until 2020: It has been valued at FY18 EV to gross merchandise value of 2.8 times or FY18

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PC Jeweller rallies 6%, board to take up buyback today
NEW DELHI: Shares of PC Jeweller climbed 6 per cent on Thursday ahead of its board meet on a share buyback proposal.

The company had earlier decided to consider the buyback proposal along with its FY18 results on May 25. However, a sharp fall on the counter prompted the firm to advance the meet to allay investor fears.

The stock rose 6.11 per

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Sell BHEL, target Rs 75: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Bharat Heavy Electricals Ltd. with a target price of Rs 75. The current market price of Bharat Heavy Electricals Ltd. is Rs 80.5. Time period given by the analyst is Intra Day when Bharat Heavy Electricals Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stop loss at Rs
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Asian stocks near 3-week top, dollar eases after US inflation
SYDNEY: Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year.

Investor sentiment also got a small boost after US President Donald Trump said he had high hopes of "doing something very meaningful" to curtail

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Market Now: PSU bank stocks suffer losses; OBC slips over 2%
NEW DELHI: Most PSU bank stocks were trading down during morning trade on Thursday, keeping the sectoral index in the red.

The Nifty PSU Bank index was trading 0.26 per cent down at 2,848 around 10:20 am, with Oriental Bank of Commerce (down 2.18 per cent) and Indian Bank (down 1.53 per cent) as the top losers.

Shares of Union Bank of India (down

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Buy Axis Bank, target Rs 580: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Axis Bank Ltd. with a target price of Rs 580. The current market price of Axis Bank Ltd. is Rs 547.65. Time period given by the analyst is Intra Day when Axis Bank Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 530. Axis Bank Ltd., incorporated in 1993, is a
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A soft US inflation reading released on Thursday has lowered some concerns over likely aggressive rate hikes by the US Fed, while crude prices were stable on Friday morning, sending positive signals to the domestic investors. Let’s check out what all might matter to Dalal Street on Friday:

Singapore trading sets stage for positive startNifty futures

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Federal Bank sinks 10% on lacklustre Q4
NEW DELHI: Kerala-based Federal Bank plunged over 10 per cent on Thursday as March quarter net profit dropped an annual 44 per cent due to a sharp rise in bad loan provisioning.

The results came out on Wednesday.

The lender recognised Rs 872 crore of slippage in January-March to comply with the central bank’s February stipulations that had t

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'BUY' or 'SELL' ideas from experts for Friday, 11 May 2018
NEW DELHI: The domestic stock market is likely to open on a positive note, tracking Nifty on Singapore Stock Exchange(SGX). At 08:40 am, Nifty futures on the Singapore Stock Exchange were trading 59.50 points, or 0.55 per cent, higher at 10,791.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

CK Narayan of

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Fortis Healthcare’s board picked the acquisition offer made jointly by Sunil Kant Munjal of Hero Enterprise and the Burman family, giving it victory in a hotly contested race that saw the combine beating out bids by TPG-backed Manipal Hospitals, IHH Healthcare and Radiant Life Care-KKR.

“The board, post having the detailed discussions on the pros

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Federal Bank sinks 10% on lacklustre Q4
NEW DELHI: Kerala-based Federal Bank plunged over 10 per cent on Thursday as March quarter net profit dropped an annual 44 per cent due to a sharp rise in bad loan provisioning.

The results came out on Wednesday.

The lender recognised Rs 872 crore of slippage in January-March to comply with the central bank’s February stipulations that had t

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Buy Tata Motors (DVR), target Rs 212: Kunal Bothra

Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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Future Group stocks lap up Biyani cues, rally up to 17%
NEW DELHI: Future Group companies bolted higher today on reports that the country’s biggest brick-and-mortar player is considering selling at least 10 per cent stake to a global retailer.

Future Enterprises raced 17.24 per cent early today to hit a high of Rs 42.50. At 10:02 am, the scrip was up 12 per cent. That of Future Consumer rose 6.60

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Market Now: Over 50 stocks hit 52-week lows on NSE
NEW DELHI: Over 50 stocks, including Alok Industries, Ambuja Cements, Bharati Defence and Infrastructure and Can Fin Homes, defied positve market stance to hit fresh 52-week lows on NSE in Thursday's trade.

IDFC Bank, Idea Cellular, Capital First, D.B.Corp, GTL Infrastructure, Uttam Sugar Mills and Uttam Value Steels also appeared among the stocks

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Sell Union Bank of India, target Rs 81: Dr CK Narayan
Sell Union Bank of India, target Rs 81: Dr CK Narayan - The TheIndianSubcontinent

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ETIG: The entry of global retail giant Walmart into India through Flipkart’s acquisition has concerned several retailers and their investors alike. Shares of some of the retailers, including Avenue Supermarts Future Retail, and Trent have fallen by 3-3.5 per cent since May 2 after the news reports stated that the deal between Flipkart and Walmart
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Market Now: Over 50 stocks hit 52-week lows on NSE
NEW DELHI: Over 50 stocks, including Alok Industries, Ambuja Cements, Bharati Defence and Infrastructure and Can Fin Homes, defied positve market stance to hit fresh 52-week lows on NSE in Thursday's trade.

IDFC Bank, Idea Cellular, Capital First, D.B.Corp, GTL Infrastructure, Uttam Sugar Mills and Uttam Value Steels also appeared among the stocks

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