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Stock market update: IT shares mixed; Infosys dips nearly 2%
NEW DELHI: IT shares were trading on a mixed note in Tuesday's morning session.

Shares of Tata Consultancy Services (up 1.20 per cent) , HCL Technologies (up 0.74 per cent) , Tech Mahindra (up 0.51 per cent) and Oracle Financial Services Software (up 0.32 per cent) were the top gainers in the index.

Infosys (down 1.77 per cent) , Wipro (down 0.66

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Share market update: Reliance Capital, RBL Bank among top losers on BSE

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Wall Street heads lower as trade deal optimism fades
Wall Street was set to fall for the first time in four sessions on Monday on signs there was more hard work to be done before a partial trade deal with China announced by President Donald Trump on Friday could be sealed.

The S-P 500 and Dow Jones indexes ended Friday with their first weekly gain in a month after the US President announced an

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Market opens higher amid inflation and Brexit worries
Domestic stocks opened higher on Tuesday, tracking positive cues from other Asian markets.

Stocks in Asia gained as there were hopes that Britain had a chance to avoid a hard exit from the European Union at key negotiations this week. For India, upside though remained capped amid data showing a surge in domestic inflation to a 14-month high.

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Reducing CV exposure may lift earnings at Bharat Forge

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HDFC lowers lending rates by 10 bps to 8.25%
Mumbai: Mortgage major HDFC on Monday announced a 0.10 percentage points reduction in its floating rates, joining a growing list of lenders which are revising down their loan prices.

The move, applicable for both new as well as existing borrowers, brings down its lending rate to 8.25 percent for the salaried borrowers to the lowest bracket and at

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Share market update: Nifty Pharma index up; Lupin gains 1%
NEW DELHI: Pharma shares were trading higher in Tuesday's morning session with their sectoral index trading up.

Shares of Lupin (up 0.83 per cent), Glenmark Pharmaceuticals (up 0.80 per cent), Divi's Laboratories (up 0.72 per cent) and Dr. Reddy's Laboratories (up 0.71 per cent) were the top performers in the index.

Sun Pharmaceutical Industries

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Share market update: Bandhan Bank, Star Cement among top gainers on BSE

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SBI re-enters top-10 most valued firms list; replaces Bajaj Finance
State Bank of India on Monday re-entered the elite club of top-10 most valued domestic firms by market valuation after a gap of two weeks. The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

Bajaj Finance had replaced SBI as the 10th most valued firm then.

At close of trade on

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Stock market update: Cement stocks mixed; Burnpur Cement zooms over 4%
NEW DELHI: Most of the cement stocks were trading on a mixed note in Tuesday's morning session.

Shares of Burnpur Cement (up 4.55 per cent), Star Cement (up 3.79 per cent), Andhra Cements (up 3.64 per cent), Mangalam Cement (up 1.71 per cent) and JK Cements (up 1.12 per cent) were among the top gainers.

While Barak Valley Cements (down 4.90 per

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Indiabulls Housing to consult SEBI for buybacks

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BSE to suspend trading in Manpasand Beverages, Binani Industries, 14 others from November 4
Leading stock exchange BSE will suspend trading in shares of as many as 16 firms, including Manpasand Beverages and Binani Industries, from November 4 for not complying with listing norms pertaining to submission of quarterly financial results, among others. However, if any company complies with the provisions of listing norms on or before October
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Share market update: Bank shares in the green; YES Bank rises 1%
NEW DELHI: Bank shares were trading in the positive zone in Tuesday's morning session.

Shares of YES Bank (up 0.87 per cent), Kotak Mahindra Bank (up 0.75 per cent), IDFC First Bank (up 0.66 per cent) and HDFC Bank (up 0.65 per cent) were the top performers in the index.

Axis Bank (up 0.44 per cent), ICICI Bank (up 0.21 per cent) and State Bank of

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RBI allows banks to lend to InvITs
Mumbai: Banks will now be allowed to lend to InvITs or Infrastructure Investment Funds, however, the sanctioning of these loans would be subject to tighter parameters of scrutiny such as having board-approved policies on exposures, compliance with prescribed leverage ratios and tighter underwriting norms for SPV linked funds.

“Banks and other s

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Home care, food beverage boost Q2 revenue for HUL: Key takeaways
Hindustan Unilever (HUL) delivered robust year-on-year growth in profit amid demand slowdown thanks to better performance is homecare, food and refreshment segments.

Volume growth slowed to 5 per cent for the quarter compared with a 10 per cent expansion in the year-ago quarter.

Here are key takeaways from the Q2 numbers of HUL:Marginal effect of

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Stock market update: Sugar stocks advance; Rana Sugars leaps 5%
NEW DELHI: Shares of sugar producers were trading with gains in Tuesday's morning session.

Shares of Rana Sugars (up 4.65 per cent), Rajshree Sugars - Chemicals (up 4.39 per cent), Magadh Sugar (up 3.58 per cent), Dhampur Sugar Mills (up 1.07 per cent) and Balrampur Chini Mills (up 0.87 per cent) were among the top gainers.

Kothari Sugars

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Facebook's Libra faces support test after payment giants jump ship
LONDON: Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.

Mastercard and Visa abandoned the Geneva-based Libra Association on Friday, as did eBay, fintech startup Stripe and payments

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Sebi bans directors, ex-directors of Fairwealth Securities
Markets regulator Sebi has restrained the directors and former directors of stock broker Fairwealth Securities Ltd, along with six other entities, from the securities market for violation of market norms.

Dhirender Gaba, Naveen Gaba, Shripad Sadanand Desai, Sandeep Jindal, Shitla Prasad Shukla, Roop Lal Aggarwal and Kamla Prasad Shukla are the

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Stock market update: Private banks edge higher; IDFC First Bank rises 1%
NEW DELHI: Shares of private banks were in the green in Tuesday's morning trade.

Shares of IDFC First Bank (up 0.93 per cent), Kotak Mahindra Bank (up 0.85 per cent), DCB Bank (up 0.76 per cent), HDFC Bank (up 0.74 per cent) and Axis Bank (up 0.60 per cent) were among the top gainers in the index.

While RBL Bank (down 3.80 per cent), Federal Bank

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Adani Transmission acquires arm of REC Transmission Projects
Adani Transmission (ATL) on Monday said it has signed a share purchase agreement and completed the acquisition of the WRSS XXI (A) Transco Ltd, incorporated by REC Transmission Projects Company.

The acquisition was made for an undisclosed amount.

With this acquisition, ATL's cumulative transmission network will reach more than 14,000 ckt kms of

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Tech View: Nifty forms an indecisive Doji, facing stiff resistance at 11,400
Nifty on Monday saw pressure around its 100-day moving average, which made it pare most of the day’s gains. The index eventually formed an indecisive 'Doji' candle on the daily chart.

This was the second session when the index formed a higher high, but analysts said the 11,400 level is proving a tough barrier for the index to break.

“The bears a

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Understanding open interest in commodities
Open interest (OI) in futures and options (F-O) trading is one of the key parameters in determining price range of an underlying asset and interpreting the market sentiment for it. In this edition of Classroom, ET explains the significance of interpreting OI in relation to gold derivatives.

1. What is open interest in the commodity F-O

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YES Bank sells 6.56% stake in Fortis Healthcare for Rs 645 crore
Private sector lender Yes Bank on Monday offloaded 6.56 per cent stake in leading hospital chain Fortis Healthcare for a little over Rs 645 crore through an open market transaction. After the sale, the lender now holds just 1,850 shares in the hospital chain, latest shareholding data available with the BSE showed.

According to the bulk deal data

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After Market: Tata Motors surges, Infy slips; RBL, LICHFL hit 52-week lows, IRCTC has stellar run
IRCTC saw a dream debut on Monday, closing first day’s trade 128 per cent higher than the issue price. But the broader market did not show that much excitement, with 240 scrips, including RBL Bank and LIC Housing Finance, hitting their 52-week lows. Woes continued to spill over for Indiabulls Housing Finance as Morgan Stanley downgraded its
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Share market update: Auto shares gain; Eicher Motors up 1%
NEW DELHI: Auto shares were trading in the green in Tuesday's morning session.

Shares of Bosch (up 1.47 per cent) , Eicher Motors (up 1.36 per cent) , Hero MotoCorp (up 1.35 per cent) and Amara Raja Batteries (up 0.77 per cent) were the top gainers in the index.

Bajaj Auto (up 0.47 per cent) , Exide Industries (up 0.24 per cent) , Ashok Leyland

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Despite a stronger-than-expected start to Monday’s trade, Indian equities failed to sustain at higher levels and came off from the day’s high before ending with mild gains.

Nifty saw a stable opening and after a minor blip in the morning, it remained in the positive territory for most of the day. The market traded in a capped range while

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F O: Nifty needs to hold 11,250 to bounce towards 11,400 11,500
By Chandan Taparia The Nifty50 index opened positive and extended the gains towards 11,420 level on Monday, but failed to hold at higher levels and drifted towards the 11,313 mark in the last hour of trade. The index formed a Doji candle on the daily scale, as it closed near the opening mark and every bounce got sold sold in the absence of
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VTB Capital enforces certain securities rights granted to Zee lenders

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RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms

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Off 300 points from day's high, Sensex ends 87 pts higher on selloff in banks, NBFCs
Benchmark equity index Sensex managed to close 87 points higher on Monday, helped by firm cues from Asian peers, as progress on the US-China trade front boosted risk appetite. A spectacular debut for Indian Railway Catering and Tourism Corporation (IRCTC) also buoyed investor sentiment.

However, Sensex closed some 300 points off its intraday high,

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