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Top News Of The Day Oil extends losses Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered a rout, with crude prices also taking a hit from a weekly industry report showing US crude inventories had risen more than expected. Gold sparkles on festive demand Gold prices spurted by Rs 200 to Rs 31,850 per 10 grams on increased buying by jewellers and retailers at the bullion market Wednesday following beginning of auspicious week of ‘Navratri’.  India’s debt lower than best emerging market economies: IMF  India’s debt is lower than the best or emerging market economies in the world, a top IMF official has said as he cautioned that the global debt has reached a new record high of USD 182 trillion in 2017. 

Top News Of The Day RBI Allows Oil Marketing Firm To Raise Money RBI allows oil marketing firms to raise $10 billion via overseas loans through external commercial borrowing and waived of hedging requirement to relive the pressure on the rupee depreciation. Quick  Cash Flow  For IL&FS Toll road sales could bring quick cash flow to meets its debt and NHAI may buy the rights from IL&FS under the “concession agreement” clause. MSP For Rabi Corps Raised MSP for the Rabi corps raised by 2-21% giving farmers additional Rs 62.635 crores for the harvest just before the general election.

AXISBANK is one among the top traded stocks. Moreover 57% of the trades are deliverable volume. It signals Derivative traders were aggressive in unwinding long positions. Open interest reduced by 3.23 %. It is trading below its recent support zone. The Near term resistance is seen around 664. Top News Of The Day Vedanta Bid For Essar Vedanta has shown interest in bidding process of Essar steel  but Vedanta finds the Rs 42000 crore for essar’s assets to be quite high. Maruti Board To Decide On  Bhargava R C Bhargava, chairman of India’s largest carmaker Maruti Suzuki said it is upto the car company’s board to decide on his directorship a day after he and 14 others were removed as directors of troubled infra firm IL&FS by the government.  IL&FS Needs To Monetise Assets The incoming board of IL&FS may look at structured deals and monetisation of assets to pay back investors and lenders.  The group has outstanding borrow...