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Sensex, Nifty close higher amid consolidation; IT stocks rally

TCS, HCL Technologies, Tech Mahindra, ITC, M&M and Bharti Infratel rallied 1-2 percent. Tata Steel, Cipla, PNB and L&T were down 1-3.5 percent.
Banks' NPA woes to continue; prefer HDFC, Kotak Bk: Hazari

Hemindra Hazari recommends avoiding the entire financial intermediary space because there is still lot of pain to come but if institutional investors have to be in the space then one should look at HDFC Bank and Kotak Mahindra Bank.
Expect short covering rally in BOI, says Siddarth Bhamre

Siddarth Bhamre of Angel Broking expects short covering rally in Bank of India with a target of Rs 126.
Despite gloom over NPAs, these banks could be good bargains

The RBI had met up with bank bosses recently to take stock of the bad loan problem and outline steps that would help banks clean up their balance sheets by March 2017. Parveen Kumar Gupta, Managing Director, SBI, says the RBI so far has not given any specific directives on additional provisions

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Bank Of India

Sensex, Nifty close higher amid consolidation; IT stocks rally

Banks' NPA woes to continue; prefer HDFC, Kotak Bk: Hazari

Expect short covering rally in BOI, says Siddarth Bhamre

Despite gloom over NPAs, these banks could be good bargains