- 09:08 AM Expect Nifty to roll towards 4025-4285: CLSA
- 09:01 AM Rupee opens at Rs 46.51 per dollar
- 09:00 AM Mkt likely to trade in range with -ve bias: Motila...
- 08:59 AM Ministry of Power approves REC follow-on offer
- 08:59 AM India targets domestic demand; concerns on prices
- 08:59 AM Federal Reserve officials cautious on US economic ...
- 08:57 AM Nifty open interest PCR slips to 1.34 vs 1.42
- 08:48 AM 10-yr yield seen between 7.20-7.40%: ING Vysya Ban...
- 08:46 AM Rupee may appreciate today: N Subramaniam
- 08:44 AM Fund Action witnessed in Austral Coke, Polaris Sof...


Technical Analyst, E Mathew is of the view that ICICI Bank can test Rs 475-480.
Mathew told CNBC-TV18, In ICICI Bank the collapse below Rs 420-425 has created tremendous panic. I think now once the stock is able to sustain above Rs 420-425 today it has rallied magnificently. It has the potential to climb up slowly to about Rs 475-480 zone but I must caution that the stock needs to do a lot of base building, ideally speaking to take out the poison in the system, the stock needs to a build a very good base between Rs 405 and Rs 425 and sustain above that, to bring back the confidence into the share."
Disclosure: Analyst doesn't hold the above stock but has recommended it to his clients.
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Stock Advice
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Today's Special Column
with Ashok Gulati
International Food Policy Research Institute , Director in Asia


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