Market analysts Ashwani Gujral has suggested BUY calls for pharmaceutical companies and sell calls for two private banks.

Market analyst Ashwani Gujral has suggested BUY call for Reliance Industries and SELL Call for three major private banks in India.

Market analyst Ashwani Gujral has surprisingly given BUY calls for five stocks in today’s trading session.

RBI Panel reduced repo rate by 25 basis points. The decision will be positive for the economy and if banks pass on the benefits, their loan book can grow.

Indian Stock Markets ended the week positive. The support received by markets from lower levels has led NSE Nifty above its important resistance placed at 11100 along with its 50 SMA at 11114.

India's second-largest lender ICICI Bank today announced 35% drop in net profit at Rs 743.76 crore for the quarter ended March 31, 2009 when compared to Rs 1149.84 crore in the year-ago period.

In addition, the lender's total income also fell to Rs 9203.36 crore from Rs 10390.92 crore in the corresponding period in the previous year.

For the full-year ended March, ICICI Bank's net profit fell 9.40% percent to Rs 3758.13 crore, as compared to Rs 4157.73 crore for the year ended March 31, 2008.