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Equirus retains reduce on Lupin, target price Rs 684

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Share market update: Bank shares gain; BoB rises over 1%
NEW DELHI: Bank shares were trading in the positive zone in Wednesday's morning session.

Shares of RBL Bank (up 1.50 per cent) , Bank of Baroda (up 1.48 per cent) , IDFC First Bank (up 1.17 per cent) and ICICI Bank (up 1.05 per cent) were the top gainers in the index.

YES Bank (up 0.99 per cent) , Federal Bank (up 0.88 per cent) , Punjab National

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Markets tried hard to move past its important resistance points in Tuesday’s session, which remained stronger than expected. The market saw a positive start to the day and then logged gains as the day progressed.

Nifty tried to move past the 100-DMA, which currently sits at 11,408. However, throughout the day, the market lacked the strength and

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Morgan Stanley maintains underweight on Mindtree, raises target price to Rs 725

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Sensex rises 100 points, Nifty above 11,450; Bajaj Consumer rallies 20%
Domestic indices advanced in Wednesday’s trade amid optimism over Britain-EU Brexit talks. But the upside remained largely capped due to cut in India’s GDP growth projection by the IMF and a fall in imports that added to concerns over the slowing economy.

By 9.30 am, Sensex rose over 100 points to trade above 38,600 level. NSE barometer Nifty was

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Bajaj Resources sells 22% stake in Bajaj Consumer Care for 628 crore
Bajaj Resources Ltd, a promoter of consumer goods firm Bajaj Consumer Care, on Tuesday offloaded around 22 per cent stake in the company for Rs 628 crore through an open market transaction.

Bajaj Resources sold 3,22,65,100 shares representing 22 per cent equity stake of Bajaj Consumer Care at an average price of Rs 194.56, according to the

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Exposure to Sunblink an outcome of market consolidation: DHFL
Mumbai: Dewan Housing Finance (DHFL) Thursday attributed the quantum of its exposure to property company Sunblink, currently under a federal probe for its alleged deals with the late gangster Iqbal Memon, as an outcome of market consolidation that caused several loans to various companies to be bunched together and Sunblink listed as the borrower.

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Stock market update: Sugar stocks mixed; Rajshree Sugars jumps over 5%
NEW DELHI: Shares of sugar producers were trading on a mixed note in Wednesday's morning session.

Shares of Rajshree Sugars - Chemicals (up 5.31 per cent), Sakthi Sugars (up 3.31 per cent), Rana Sugars (up 2.38 per cent), Magadh Sugar (up 1.77 per cent) and EID Parry (up 1.33 per cent) were among the top gainers.

While Dharani Sugars -

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NCLAT to hear Alok Industries' minority shareholders plea on October 25
The National Company Law Appellate Tribunal (NCLAT) on October 25 would hear the plea of minority shareholders of Alok Industries who are opposing delisting of the company from bourses. Reliance Industries, which is the successful resolution applicant for Alok Industries, has filed a petition before the NCLAT to seek a waiver from the delisting
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Share market update: PSU bank shares rise; Bank of India up 1%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Wednesday's morning session.

Shares of Bank of India (up 1.14 per cent) , Bank of Baroda (up 1.02 per cent) , Union Bank of India (up 1.00 per cent) and Syndicate Bank (up 0.83 per cent) were trading in the positive zone.

Indian Bank (up 0.73 per cent) , Central Bank of India (up

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Decades ago, legendary investor Philip Fisher had made ‘investing in innovation’ almost into an art form, and his concentrated portfolio of stocks had a fair share of ideas — and revenue streams — that belonged very much to the future. That appears to be the investment philosophy of the money managers at Kotak Pioneer Fund, which is seeking to gene
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ACC net profit up 45% at Rs 303 crore in Sept quarter
Cement maker ACC Ltd on Tuesday reported a 44.66 per cent rise in consolidated net profit at Rs 302.56 crore for the third quarter ended September 30, 2019. The company had posted a net profit of Rs 209.14 crore in the corresponding period of the previous fiscal, ACC said in a BSE filing.

Consolidated net sales stood at Rs 3,464.43 crore for the

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Bajaj Consumer soars 20% after promoters sell stake to pare debt
NEW DELHI: Shares of Bajaj Consumer Care hit its upper circuit limit in Wednesday’s trade after a host of mutual funds lapped up shares offloaded by its debt-ridden promoters.

The development eased concerns over high-promoter level debt.

Following the development, the stock jumped 20 per cent to Rs 234.65 on BSE. There were over 3.5 lakh pending

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Kotak pioneer fund can generate alpha for sophisticated investors
Mumbai: Decades ago, legendary investor Philip Fisher had made ‘investing in innovation’ almost into an art form, and his concentrated portfolio of stocks had a fair share of ideas – and revenue streams - that belonged very much to the future.

That appears to be the investment philosophy of the money managers at Kotak Pioneer Fund, which is

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MCX reports 2-fold jump in Q2 profit at Rs 72 crore

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SEBI okays graded exit load in liquid funds

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Sebi asks brokers, depository participants to submit reports on cyber-attacks in 15 days after quarter ends
Market regulator Sebi on Tuesday asked stock brokers and depository participants to submit quarterly reports, containing information on cyber-attacks and threats experienced by them, in 15 days after the end of the quarter. "Effective from quarter ending on December 31, 2019, the time period for submission of the report shall be 15 days after the
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Wall Street rises after upbeat start to earnings season
Wall Street was off to a strong start on Tuesday as upbeat earnings reports from JPMorgan Chase, UnitedHealth and Johnson - Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.

Shares of JPMorgan Chase - Co gained 1.7% to a three-week high after the company beat Wall Street estimates for

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Share market update: FMCG shares mixed; Emami climbs over 3%
NEW DELHI: FMCG shares were trading on a mixed note in Wednesday's morning session.

Shares of Emami (up 3.36 per cent) , Godrej Consumer Products (up 1.49 per cent) , United Spirits (up 1.37 per cent) and Godrej Industries (up 0.98 per cent) were the top performers in the index.

ColgatePalmolive (India) (down 1.47 per cent) , ITC (down 0.99 per

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SBI Life Q2 net falls 48% to Rs 130 crore
SBI Life Insurance on Tuesday reported over 48 per cent decline in its net profit at Rs 129.84 crore in the second quarter ended September of the current fiscal year (2019-20). The life insurer had registered a net profit of Rs 250.53 crore in the corresponding July-September period of previous fiscal 2018-19.

The company's total premium income

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Raghuram Rajan ko gussa kyu aata hai (with apologies to Pinto)?
By Ajay Bodke A niggling detestation for the dispensation that denied him a second-term as RBI Governor is clearly evident in former UPA government’s Chief Economic Adviser (CEA) and the principal Opposition Party’s pre-2019 election economic adviser Dr Raghuram Rajan’s continuing tirade.

Dr Rajan surely did excellent work as RBI Governor, but

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RBI reviews liquidity issues of non-bank lenders, bad loans
The Reserve Bank of India on Tuesday took stock of the liquidity squeeze that has gripped the non-bank lenders and sought to understand whether the stress has eased. In a meeting with state-owned bank chiefs, RBI governor Shaktikanta Das also reviewed the current state of bad loan formation in the banking system. “We discussed a host of issues r
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Pound and UK stocks surge on report EU, UK close to Brexit draft deal

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Sebi levies Rs 30 lakh fine on 4 firms for fraudulent trading
Capital markets regulator Sebi has levied a total fine of Rs 30 lakh on four firms for carrying out fraudulent trading in the illiquid stock options segment of BSE. The regulator has imposed a penalty of Rs 15 lakh on Remarkable Tracom Pvt Ltd, while Savasthi Investments Ltd, Reward Goods Pvt Ltd and Russel Towers Pvt Ltd have been fined Rs 5 lakh
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Stock market update: IT shares up; Wipro climbs nearly 3%
NEW DELHI: IT shares were trading with gains in Wednesday's morning session.

Shares of Wipro (up 2.81 per cent) , Tata Elxsi (up 2.62 per cent) , MindTree (up 1.48 per cent) and Infibeam Avenues (up 0.38 per cent) were the top performers in the index.

Infosys (up 0.33 per cent) , Tech Mahindra (up 0.24 per cent) , NIIT Technologies (up 0.24 per

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Sebi provides clarity on code of conduct under insider trading rules
Markets regulator Sebi has said code of conduct under the insider trading norms is applicable on promoters, and not just on persons designated by the board of a company. The clarifications have been given as part of an informal guidance sought by Apollo Tricoat Tubesas Ltd regarding certain aspects of Prohibition of Insider Trading (PIT)
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JSW Group promoter repays Rs 1,200 crore debt, lenders release shares of 2 firms

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Stock market update: Cement shares bullish; Orient Cement climbs over 3%
NEW DELHI: Most of the cement stocks were in the green in Wednesday's morning trade.

Shares of Orient Cement (up 3.28 per cent), NCL Industries (up 2.92 per cent), ACC (up 2.70 per cent), Kakatiya Cements Sugar - Industries (up 2.52 per cent), Gujarat Sidhee Cement (up 2.37 per cent), HeidelbergCement India (up 2.35 per cent) and JK Lakshmi

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EU, UK negotiators closing in on a draft Brexit deal

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Stock market update: Realty shares mixed; Sobha down 2%
NEW DELHI: Realty shares were trading on a mixed note in Tuesday's morning session.

Shares of Prestige Estates Projects (up 2.71 per cent), Indiabulls Real Estate (up 0.99 per cent), Oberoi Realty (up 0.82 per cent) and Sunteck Realty (up 0.50 per cent) were trading higher.

Sobha (down 1.90 per cent), DLF (down 1.00 per cent), Brigade Enterprises

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