In the Intraday Afternoon Market the Sensex surged 202.92 points to 25008.75 and the Nifty
rose 68.60 points to 7470.85. About 2086 shares have advanced, 835 shares
declined, and 105 shares are unchanged.
The bank hopes to approach the Reserve Bank soon to enhance the limit for AAA and AA rate accounts. Narang believes RBI is willing to relax those accounts up to Rs 25 crore for normal lending.
Equity benchmarks gained strength post consolidation. The Sensex rose 129.36 points to 24935.19 while the Nifty touched 7450 level (for the first time since May 26), up 48.10 points to 7450.35. The BSE Midcap and Smallcap indices climbed 1.2 percent and 1.6 percent, respectively.
The bank hopes to approach the Reserve Bank soon to enhance the limit for AAA and AA rate accounts. Narang believes RBI is willing to relax those accounts up to Rs 25 crore for normal lending.
Equity benchmarks gained strength post consolidation. The Sensex rose 129.36 points to 24935.19 while the Nifty touched 7450 level (for the first time since May 26), up 48.10 points to 7450.35. The BSE Midcap and Smallcap indices climbed 1.2 percent and 1.6 percent, respectively.
About 2039 shares have advanced, 846 shares
declined, and 87 shares are unchanged. Sesa Sterlite remained top gainer in the
Sensex, gaining over 6 percent followed by Tata Motors, Hindustan Unilever,
Tata Steel and Hindalco Industries with around 3 percent.
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