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The market unfolded as anticipated and climbed up and detecting resistance in our resistance zone and caving in.

Rajesh Agarwal of CD Equisearch has suggested the shareowners to stay invested in ICICI Bank for long term.

Agarwal told, “In ICICI Bank funds, but because of interest rates stabilizing the margins will be better this time. It is currently quoting at a PE of 28, I think the bank has a very good long-term prospect and one could hold for a long term. The price target would be in the range of Rs 1,100-1,150 in a period of 6-9 months.”

The credit paid out by scheduled commercial banks climbed up 23.2% to Rs 3,608.88 billion on yearly basis as on Jul. 27, 2007, which is under the growth of aggregate deposits of 25.7%.

New Delhi: Supreme Court issued notice to CBI on an appeal and bail petition filed by Ibrahim Musa Chauhan, who was sentenced to 10 years of imprisonment in Mumbai serial blasts case.

The stock markets internationally have been falling on worries that the sub-prime problem is dispersing to other sections and areas, and India seems to have jumped onto that trend. Here are some stocks that investors can buy in this descending market.

Anil Manghnani is confident on Kotak Mahindra Bank, Cummins, IFCI, Axis Bank, and Reliance Capital from among the Nifty Junior.

From the Nifty, Mr. Manghnani wishes all the capital goods stocks including ABB, L&T, and Bhel. He also likes HDFC, HDFC Bank, Bharti, Reliance Industries, Zee, Tata Steel, and Sail.

New Delhi: To promote New Delhi's tactical, economical and political interests, India is all set to open Embassies in four countries including Iceland. Govt. also plans to setup a Consulate General in Guangzhou in China.

P R Dasmunsi, Information and Broadcasting Minister told that in a conference of Union Cabinet led by Prime Minister Manmohan Singh has given authoritative approval for the opening of Missions and posts in Reykjavik (Iceland), Guatemala City (Guatemala), Niamey (Niger) and Bamako (Mali).