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Thursday, October 9, 2014

Equity Tips
Banking shares extend gain; Bank Nifty up over 3% in two days
Banking shares are trading higher by up to 9%, extending their previous day’s up move, after the World Bank said Indian economy is set to grow by 6.4% in 2015-16 as against 5.6% in 2014-15.Federal Bank, Bank of India, Andhra Bank, Oriental Bank of Commerce, Allahabad Bank, Canara Bank and Union Bank of India has rallied more than 3% each, while State Bank of India, Punjab National Bank, Indian Overseas Bank, Axis Bank and ICICI Bank up 2-3% on National Stock Exchange.

Hathway Cable rises on plans to raise Rs 150cr via preferential share issue
Shares of Hathway Cable & Datacom were up nearly 3% at Rs 310 ahead of the Extra-Ordinary General Meeting tomorrow to raise funds through preferential allotment of equity shares.

Monsanto India surges on FIIs buying
Shares of agrochemicals company Monsanto India has surged 10% to Rs 3,124 on National Stock Exchange (NSE) after the company said the foreign investors have increased their stake in the company by nearly one per cent age points during July-September quarter.

Taneja Aerospace soars as board nod to demerger charter biz
Taneja Aerospace and Aviation has soared 13% to Rs 59 on BSE after its board approved the demerger of charter business into a separate company.

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