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Financial Technologies (India) leads gainers in 'A' group

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Capital Market

ING Vysya Bank, Sesa Sterlite, Jaiprakash Associates and Housing Development and Infrastructure are among the other gainers.

Financial software maker Financial Technologies (India) surged 10.71% to Rs 159.20. The stock topped the gainers in the BSE's 'A' group.

ING Vysya Bank spurted 7.35% to Rs 576.10. The stock was second biggest gainer in 'A' group. The bank will unveil Q2 results on 22 October 2013.

According to a recent media report, ING Groep NV, the biggest Dutch financial-services company, is seeking a buyer for its 43% stake in ING Vysya Bank, as the prospects of limited purpose banking in India and tough competition in retail market make it rethink its local strategy. ING may exit the domestic banking business comprising retail, corporate and treasury, to focus on corporate banking, the report said.

 

However, ING Vysya Bank later clarified that ING never comments on market rumours and speculations.

Vedanta group firm Sesa Sterlite galloped 7.21% to Rs 188.10. The stock was third biggest gainer in 'A' group. Metal shares were in demand today, 3 October 2013, following an encouraging reading on non-manufacturing activity in China.

Infrastructure company Jaiprakash Associates jumped 7.13% to Rs 37.55. The stock was fourth biggest gainer in 'A' group.

Real estate developer Housing Development and Infrastructure (HDIL) climbed 6.56% to Rs 39. The stock was fifth biggest gainer in 'A' group.

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First Published: Oct 03 2013 | 4:11 PM IST

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