Shares of Sterlite Industries, India&rsquo;s largest producer of copper, shot up 4.78 per cent to close at Rs 740. A weaker dollar and strong equity markets pushed up three-month copper on the LME by $71 to $6,395 a tonne.

Sterlite up 4.8% on high copper prices

Business Standard

The stock of State Bank of India jumped 4.36 per cent to Rs 1,894 after its chairman O P Bhatt projected a 30-35 per cent y-o-y earnings growth for the second quarter.

Growth hope pushes SBI up

The stock of Infosys Technologies rose nearly 2 per cent to close at Rs 2,235, a level not reached in over two years.

Infosys up 2% on growth outlook

Shares of Tata Steel gained 2.27 per cent to Rs 470 on a statement from the Union steel minister that domestic consumption of steel will rise 6 per cent this quarter.

Tata Steel up on govt remark

BASF India shares rose 5.85 per cent to Rs 310.5 on board&rsquo;s approval for merger of Ciba India with its two affiliate firms (Diamond Dye-Chem and Ciba Research India). Under the deal, 90 BASF India shares will be given for every 100 Ciba India shares and 18 shares of BASF will also be issued for every 100 Ciba Research shares.

BASF up 5.85%

The SREI Infrastructure scrip increased 4.02 per cent to close at Rs 75.05 on the news of getting the regulator&rsquo;s nod for its mutual fund foray. The company would be incorporating two wholly-owned subsidiaries for carrying out the asset management business.

SREI Infra rises 4%

Raymond shares hit the 10 per cent circuit to close at Rs 204.85 on getting the company&rsquo;s board nod for a foray into real estate business. The proposal would need to seek the shareholders nod and statutory compliances.

Raymond up 10%

The HCL Technologies scrip rose 6.12 per cent to Rs 341.7 on inking a five-year contract with Oncor. The company signed a five-year IT Infrastructure Management deal with Oncor to connect and support Oncor corporate functions, grid management operations and community-based field service centers.

HCL rises 6%

Venus Remedies shares surged 4.73 per cent to Rs 264.65 on licensing pact with a Korean firm, for selling Sulbactomax drug, used in the treatment of pre or post-surgical infection and also for respiratory infections, in South Korea.

Venus Remedies rises on new pact

The Federal Bank scrip rose 3.17 per cent to Rs 253.85 on kick-starting merger with Catholic Syrian Bank (CSB). Federal Bank started the process of financial due diligence entrusting the job to KPMG. The entire process is expected to take at least a month with details on swap ratio coming later also.

Federal Bank up on merger talk

The Gujarat NRE Coke scrip surged 7.19 per cent to Rs 67.85 on fund raising plan. The Board has decided to issue Foreign Currency Convertible Bonds for an amount up to $ 60 million (around Rs 300 crore) and issue of 25 million Convertible Warrants to Promoters.

Gujarat NRE Coke up 7.19 per cent

UTV Software shares rose 3.82 per cent to close the day at Rs 457.75 on reports that the company has slapped legal notices of Rs 50 crore each on Adlabs Films and UFO Moviez for allegedly abetting the piracy of the film &lsquo;What's Your Raashee?&rsquo; The company opened at Rs 432 and made an intraday high of Rs 467.5 and low of Rs 431.
The stock has a 52-Week high of Rs 782 (September 24, 2008) and a low of Rs 182 (March 06, 2009)

UTV Software rises 3.82 per cent

Tata Consultancy Services (TCS) rose 3.98 per cent to Rs 610.4 on inking a multi-year strategic pact with Jagdish Khattar promoted Carnation Auto to provide end-to-end system integration services.

TCS rises 4%

Educomp Solutions surged 5.91 per cent to close at Rs 4,712 on finalising the record date for Stock split. The company at their Annual General Meeting held on September 26, 2009 approved of sub-division of each of the existing equity shares of face value of Rs 10 each fully paid-up into five equity shares of face value of Rs 2 each fully paid-up.

Educomp up 6%

The Hindalco Industries scrip surged 8 per cent to close the day at Rs 108.2 on plans to issue GDR. Volatility in the domestic market has made Hindalco cut the size of its $500 million QIP and go in for a GDR issue.

Hindalco Ind surges 8 per cent

Bajaj Auto shares rose 6.52 per cent to Rs 1,304.5 on the proposed increase in its motorcycle production. Bajaj&rsquo;s plan to raise domestic motorcycle production by about 25 per cent in August 2009 came as a response to stronger demand in the segment.

Bajaj Auto up on expansion plan

The Wipro scrip rose 3.25 per cent to close the day at Rs 498.05 on reports of winning new order. The company entered a contract with US apparel retailer Charming Shoppes for five years to provide IT services.

Wipro rises on new order

Great Offshore shares surged 10.37 per cent to Rs 559.1 on revision of the open offer bidding price. In about a week&rsquo;s time, ABG Shipyard raised the open offer price for Great Offshore from Rs 450 to Rs 520 per share, on the back of bidding war it is pursuing against Bharati Shipyard.

Great Offshore surges 10.37%

The DCB scrip surged 10.92 per cent to Rs 38.6 on reports of fund raising. The bank plans to raise at least Rs 75 crore through sale of lower Tier-II bonds that opened on Thursday.

DCB up 10.92% on fund-raising

Jindal Poly Films shares rose 6.07 per cent to close the day at Rs 338.95 on buyback plan.

Jindal Poly Films rises on buyback

Mundra Port and Special Economic Zone&rsquo;s (MPSEZ&rsquo;s) shares rose 3.36 per cent to Rs 559.15 on reports that the company has bagged a project to develop a handling terminal at the port of Mormugao, Goa, on a design, build, finance, operate and transfer basis.

Mundra port up 3.36% on Goa order

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