Federal Bank rose 9.12% to Rs 443.90 and was the biggest gainer in A group shares. Federal Bank has fixed 26 November 2007 as the record date for reckoning the eligible shareholders who are entitled to apply for one equity share of Rs 10 each on rights basis for every one fully paid equity shares of Rs 10 each. The rights shares will be issued at Rs 250 each.

Ispat Industries rose 8.8% to Rs 30.30 and was the second biggest gainer from A group. Ispat Industries' net profit rose 483.6% to Rs 13.54 on 7.6% rise in sales to Rs 2,025.56 crore in Q2 September 2007 over Q2 September 2006. The company announced the results on 31 October 2007.

Chennai Petroleum Corporation was third biggest gainer from A group, surging 7.26% to Rs 339.80. The net profit of the company rose 136.8% to Rs 230.26 crore on 5.6% decline in sales to Rs 6,281.63 crore in Q2 september 2007 over Q2September 2006. It announced the results on 30 October 2007.

Sterlite Industries India rose 6.58% to Rs 1,056.95 and was the fourth largest gainer from A group. The company announced today its plans to participate in coal-based power generation projects and other ancillary activities through its subsidiary Sterlite Energy. These projects may include ultra-mega power projects announced by the Centre and state governments or state-run utilities, and projects independently developed by Sterlite Energy with a capacity of 10,000 mega-watts, it said in a statement.

The company is looking at financing options through equity and debt for these projects, majority of which, if awarded, are expected to be commissioned over the next five years, the statement said.

GAIL India was the fifth biggest gainer from A group. The stock rose 6.51% to Rs 434.05. Reportedly the firm is planning to diversify into gas pipeline construction business. Reports suggest that the companys move to diversify into gas pipeline construction business is expected to create synergy in its core area of activity - gas transmission and marketing. As per reports, GAIL currently outsources its pipe construction requirements to other companies.

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