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Friday, October 17, 2014

Equity Tips
The Sensex climbed above 26000 level, up 71.74 points at 26071.08 and the Nifty jumped 21 points to 7769.20.

Axis Bank gained 1.5 percent ahead of earnings. A CNBC-TV18 expects a 14 percent growth in net interest income while profit is seen rising by 18 percent in the second quarter year-on-year.

Top private sector lender ICICI Bank, utility vehicle maker Mahindra and Mahindra, telecom operator Bharti Airtel and state-run power equipment maker BHEL extended gains in noon trade, up 2-3 percent. HDFC Bank, L&T, HDFC, SBI, Tata Steel, Wipro and Cipla climbed 1-1.7 percent.

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