MARKETS LIVE: Indices edge lower, Nifty tests 10,700 mark; IT stocks rise

Why investors, not banks may play crucial role in next financial crisis Banks must bear much of the blame for previous financial crises. In the next one, ordinary investors could play a more central role. Ironically, they’ll do so through vehicles created with them in mind – exchange-traded funds, or ETFs. These listed funds are passive by nature, designed to track the performance of an index of stocks, bonds, currencies or commodities rather than to pick and choose among individual companies. READ MORE Earnings revival, stability key for IPO marker success: EY survey Strong corporate earnings, and stability in the markets and economy are the key drivers for improvement in IPO activity, a survey conducted by EY reveals. Meanwhile, respondents, which included private equity (PE) and non-PE firms, said cash flow and return on equity (ROE) were the most important financial factors while evaluating an IPO. READ MORE Symphony stock: Climate Technologies buy to double foreign market share After shedding over 27 per cent since May, given the low demand conditions in the summer season, the Symphony stock gained 4 per cent after it announced plans to acquire Australia's Climate Technologies. The over Rs 2-billion acquisition will provide India's largest air cooling company a 50 per cent organised market share access to the Australian and US markets. READ MORE Longevity of Sensex components: Here are oldest members, latest additions   General Electric was recently excluded from the Dow Jones Industrial Average, an index of 30 blue-chip US-listed firms. The conglomerate was a continuous member of the index since November 7, 1907 — 110 years. Which are the Indian firms that have been original members of the BSE Sensex and continue to be part of it? The Sensex has a history of 40 years.   It was compiled in 1986 and its base year was 1978. Asia index data shows State Bank of India, Hindustan Unilever, Infosys, ITC, Reliance Industries, Tata Steel and Tata Motors have been continuous members. READ MORE Markets at Noon Index Current Pt. Change % Change   S&P BSE SENSEX 35,437.54 -52.50 -0.15   S&P BSE SENSEX 50 11,249.65 -28.98 -0.26   S&P BSE SENSEX Next 50 32,029.93 -313.60 -0.97   S&P BSE 100 11,013.47 -40.16 -0.36   S&P BSE Bharat 22 Index 3,295.28 -59.15 -1.76 (Source: BSE) Despite positives, pharma major Lupin not a re-rating candidate   The Lupin stock has been on an upswing after the USFDA approvals, launches, progress on the biosimilar front and robust growth in the domestic business. It is not surprising that the stock, which has been an underperformer in the previous couple of years, has gained 23 per cent since its lows in May.   While pricing pressures in the US market have been weighing on its financials, product approvals and launches, including some niche products, will expand its revenue base and margins. READ MORE