Stock Market Highlights: Sensex ends 684 pts higher and Nifty50 above 17,100 led by financial and IT shares

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Positive on insurance sector: Harish Krishnan

Harish Krishnan, EVP and Senior Fund Manager-Equities at Kotak AMC, is positive on general as well as life insurance stocks. "I think the runway for growth remains quite long. More than anything else, what we have seen in terms of financial services, the top 4-5 companies in various financial services have tended to increase their market share and competitive positioning quite significantly," he tells CNBC-TV18.

"Given the current bout of underperformance, we would think that this therefore is an attractive zone for us to back many of these life insurance and general insurance players,” he adds. 

Market At Close | Sensex and Nifty end Friday's session 1% higher 

Here are some highlights:

--Financial stocks lead headline indices higher
--Infosys top Nifty gainer following better-than-expected results — stock jumps four percent
 --HDFC and HDFC Bank rise 3-4 percent
--HCL Tech continues to gain momentum after results — up five percent for the week
 --ONGC drops two percent as crude oil prices continue to fall
--Bajaj Auto falls one percent and Shree Cement flat ahead earnings
 --Mindtree in the green but off day’s high as commentary cautious
--Federal Bank rises four percent after results
 --City gas distribution stocks rise — MGL and IGL up 3-4 percent
 --Market breadth in favour of the bears

Rupee ends flat at 82.35 vs dollar

IRDAI levies penalty on Max Life 

HLE Glascoat to consider stock split on October 19

L&T shares jump as construction division secures order from Gujarat government

The company's construction division has won significant orders for its water and effluent treatment business (Read more)

Buy Balkrishna Industries, Intellect Design, Shriram Transport Finance: Hemen Kapadia

Here are some recommendations by Hemen Kapadia of KRChoksey Securities: 
-- Buy Balkrishna Industries for a target of Rs 1,985 with a stop loss at Rs 1,910 
-- Buy Intellect Design Arena for a target of Rs 565 with a stop loss at Rs 520 
-- Buy Shriram Transport Finance for a target of Rs 1,250 with a stop loss at Rs 1,190 

Airtel Zambia acquires 60 MHz of additional spectrum

Supreme Court upholds SAT order to SEBI to probe Cairn UK dividend case: Informist

Buy HDFC Bank: Prakash Gaba

Prakash Gaba of prakashgaba.com suggests buying HDFC Bank shares for a target of Rs 1,480-1,500 with a stop loss at Rs 1,420.

WPI inflation touches 18-month low in September

Wholesale inflation hits an 18-month low of 10.7 percent in September. Core inflation eases to seven percent from 7.8 percent in August.

Federal Bank reports Q2 earnings 

Asian Energy JV bags order worth Rs 161 crore from Singareni Collieries

Asian Energy Services secures a contract worth Rs 161 crore along with its joint venture partner, Furnace Fabrica (India), from the Singareni Collieries Company. The deal involves designing, supplying, erecting, commissioning, construction and testing of a coal handling plant at RG OC3, Telangana. (Read more)

Buy OFSS, GNFC: Mitessh Thakkar

Here are two recommendations by Mitessh Thakkar of earningwaves.com:
-- Buy OFSS for a target of Rs 3,030 with a stop loss at Rs 2,940 
-- Buy GNFC for a target of Rs 720 with a stop loss at Rs 670