Federal Bank : With its larger peers busy in cleaning up their balance sheets, South-based private sector lender Fed Bank is looking at it as an opportunity to increase business & expects 15-20 per-cent credit growth in the up coming financial year.
GAIL (3.2%), CIPLA (1.6%) while SUN PHARMA (1.8%), BHARTI AIRTEL (1.1%) And TCS at (0.9%) are the gainers.While the Losers are HINDALCO (-1.7%), BHEL (-1.1%), L&T (-1.1%), AXIS BANK (-0.9%) And SBI at (-0.6%)
At the MCX, August 2015 contract of Gold futures closed at Rs 26,213 per 10 gram, up by 0.70% after opening at Rs 26,008, against the last closing price of Rs 26,032. It reached the intra-day high of Rs 26,248 upto the closing time.
Dr Reddy's Labs, Cipla and M&M are top most gainers while SBI, ICICI Bank, Vedanta, Tata Steel & Hindalco are still down around 2 %. ICICI Bank SBI & Axis Bank are other laggards in the Sensex. 1 % rise for Kotak Mahindra
At the NCDEX, jeera futures for June 2015 contract closed at Rs. 16,410 per quintal, down by 0.45 per cent, after opening at Rs. 16,500 against the previous finishing price of Rs. 16,485. It touched the intra-day low of Rs. 15,860.