Apollo Tyres, Bharat Forge, TCS and Oil India are among the other gainers.
Financial Technologies (India) spurted 4.92% to Rs 328.35 and topped the gainers in the BSE's 'A' group.
Apollo Tyres advanced 4.6% to Rs 117 after hitting record high of Rs 117.70 in intraday trade. The stock was second biggest gainer in 'A' group.
Bharat Forge gained 4.17% to Rs 345.65 after hitting a 52-week high of Rs 349.05 in intraday trade. The stock was third biggest gainer in 'A' group.
Bharat Forge during trading hours today, 13 January 2014 said that its indirect subsidiary in Hong Kong i.e. Bharat Forge Hongkong has divested its 51.85% stake in its Chinese JV operations (FAW Bharat Forge (Changchun) Company) to its JV partner, China FAW Corporation, for $28.208 million (Rs 175 crore) ending its 8 years old JV in China.
Bharat Forge said it has since inception of JV in 2006, had over a period of time invested Rs 178 crore in 4 tranches.
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Although the transaction was completed today, 13 January 2014, the effective date for divestment will be 31 October 2013, Bharat Forge said. The divestment will have a positive impact on Bharat Forge's cash flows and profitability on a consolidated basis, the company said.
TCS surged 3.88% to Rs 2,370.30 after hitting a record high of Rs 2,382.25 in intraday trade. It was fourth biggest gainer in 'A' group. The company announces its Q3 result on Thursday, 16 January 2014.
Oil India rose 3.59% to Rs 482.45 after the government on Friday, 10 January 2014, issued the notification regarding Domestic Natural Gas Pricing Guidelines, 2014. It was fifth biggest gainer in 'A' group.
The new gas pricing norms will be applicable to all natural gas produced domestically, irrespective of the source, whether conventional, shale, CBM etc. These guidelines will be applicable from 1 April 2014. The new gas pricing norms shall be applicable to all consuming sectors uniformly, the Ministry of Petroleum & Natural Gas said in a statement on Friday, 10 January 2014. These guidelines shall also be applicable for natural gas produced by ONGC/Oil India from their nominated fields, it said.
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