IFCI gained 2.87% to Rs 41.20 and topped the gainers in the BSE's 'A' group. The stock rose on volume of 32.78 lakh shares, higher than an average daily volume of 14.41 lakh shares in the past two weeks. The stock had fallen 2.07% in the prior two trading sessions.
Suzlon Energy surged 2.60% to Rs 19.75 and was second biggest gainer in 'A' group. The company has reportedly agreed to build a components factory in Brazil as the country's state development bank suspended loans to developers buying the machines from foreign companies.
Chambal Fertilisers & Chemicals advanced 2.41% to Rs 80.65 on reports the company is considering sale of shipping unit for Rs 600-700 crore. It was third biggest gainer in 'A' group.
United Spirits rose 2.33% to Rs 758.15 and was fourth biggest gainer in 'A' group. The stock rose on volume of 5.12 lakh shares, higher than an average daily volume of 2.92 lakh shares in the past two weeks.
Dish TV India rose 2.24% to Rs 70.60 and was fifth biggest gainer in 'A' group. The stock gained 20.78% in prior eight trading sessions triggered by reports the direct-to-home (DTH) service provider has hiked rates for its monthly subscription packs beginning July 2012. The company has increased prices of its monthly packs for its existing consumers except in the southern States that include Kerala, Andhra Pradesh, Karnataka and Tamil Naidu. Most of its packs will now be expensive by Rs 20.
The price hike was mulled due to several factors which includes rupee devaluation and service tax increase. With most DTH companies importing their set top boxes, currency fluctuation is hurting their margins.