Top Stories (18/10/2016)

Bulls staged a strong comeback on Tuesday as GST council meet kick started. The Sensex surged more than 500 points to surpass psychological 28000-mark, driven by global cues. Short covering and value buying in index heavyweights also boosted the market.


IDFC Bank to be in Nifty Midcap 50 from Nov 15; Havells to exit India Index Services & Products Ltd, which maintains Nifty indices, said in a statement that the changes would become effective from November 15, 2016.


PNB Housing Finance Rs 3000-cr IPO to open on October 25 PNB Housing Finance, the subsidiary of Punjab National Bank, announced that its Rs 3,000-crore initial public offering will open for subscription on October 25. The price band is fixed at Rs 750-775 per share.


The Delhi High Court on Tuesday dismissed oil company Cairn India's plea to export crude from its Barmer oil field in Rajasthan. The court has allowed Cairn India to invoke dispute resolution mechanism under the production sharing contract. 



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