Icra up on rating deal with Indian Bank

DALAL STREET SPIKES

Icra gained 5.10 per cent to Rs 1,068.30 after signing an MoU with Indian Bank to rate bank loans. The company will assign ratings to the bank's loans and its other exposures under the standardised approach of RBI's new capital adequacy framework for Basel-II and also to small scale industries (SSIs) and small and medium enterprises (SMEs).

The stock opened at Rs 1,018 and hit an intraday high of Rs 1,079.90. with volumes of 6.64 lakh shares.