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Prestige Estates Projects leads gainers in 'A' group

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Capital Market

Reliance Infrastructure, Jaiprakash Associates, Housing Development and Infrastructure and Container Corporation of India are among the other gainers.

Real estate developer Prestige Estates Projects jumped 12.23% to Rs 163.35. The stock topped the gainers in the BSE's 'A' group.

Anil Dhirubhai Ambani controlled Reliance Infrastructure galloped 10.01% to Rs 398.90. The stock was second biggest gainer in 'A' group.

Infrastructure company Jaiprakash Associates spurted 8.88% to Rs 43.55. The stock was third biggest gainer in 'A' group.

Real estate developer Housing Development and Infrastructure (HDIL) climbed 7.22% to Rs 45.30. The stock was fourth biggest gainer in 'A' group.

State-run Container Corporation of India rose 6.48% to Rs 852.30 on reports FTSE increased investability weightage of the stock in its Global Equity Index. The stock was fifth biggest gainer in 'A' group. The stock hit a 52-week high of Rs 854.95 in intraday today, 6 March 2014.

 

According to reports, FTSE raised Container Corporation of India's investability weightage to 30% from 24% earlier. The changes will be effective after the close of business on Friday, 21 March 2014 (i.e. 24 March 2014), reports added.

An increase in investability weightage of a stock in global benchmark indices such as FTSE, prompts buying from passive trackers of the FTSE indices.

FTSE, which is a part of the London Stock Exchange Group, is a world-leader in providing global index and analytical solutions. FTSE indices are used extensively by a range of investors such as consultants, asset owners, fund managers, investment banks, stock exchanges and brokers.

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First Published: Mar 06 2014 | 4:34 PM IST

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