NEW DLEHI: Domestic benchmark indices are likely to edge higher, tracking overnight gains in US stocks, ahead of the start of the earnings season. The plant was closed seven months ago, following violent protest.Analysts believe Bandhan Bank has made an expensive deal in the acquisition of Gruh Finance. Bandhan Bank announced acquisition of Gruh Finance in a share swap deal on Monday. The swap ratio is 568 shares in Bandhan Bank for every 1,000 shares held in Gruh Finance.Kotak Institutional Equities has upgraded Sun Pharmaceutical Industries to add from sell on reasonable valuations and sees fair value at ?475. However, these concerns are captured in the steep stock price underperformance, said Kotak Institutional Equities.

Source: Economic Times January 09, 2019 02:26 UTC