Sensex closes flat; TCS up 5%, BHEL down 8% on order woes

The market remained lacklustre Friday with the equity benchmarks closing flat, but stocks that announced earnings swung sharply either side.

''Most of the results are still meeting expectations or are slightly beating expectations, expect private banking where for the first time there seems to be pressure building both at margins and asset quality,'' Amisha Vora of Prabhudas Lilladher says.

She further says that the real pain in terms of results is still to come.
 
The BSE Sensex was up 21.44 points to close at 20149.85 while the Nifty is down 8.85 to end at 6029.20, but the BSE Midcap and Smallcap indices fell 0.6 percent each.

Accoring to Vora, going ahead it looks a little difficult to break that upper limit of the range, which was anywhere around 6100-6200. ''The way macros are placed and the way now RBI has taken a stance, I think the upper limit will be capped for sometime,'' she explains.

For the week, the Sensex gained 0.96 percent and the Nifty rose just 0.3 percent while the broader markets fell around 0.5 percent.

Overall for the next week, Nagji K Rita, Chairman & MD of Inventure Growth & Securities believes that traders need to remain extremely cautious. ''It is the derivative expiry next week as well the market setup is not very encouraging to build large positions. Sharp weakness in the banking sector has damaged the overall sentiment,'' he adds.

Declining shares outnumbered advancing ones by 1301 to 1027 on the BSE.

4:00 pm Market closing: It was a quiet day of trade for the market with the Nifty closing virtually unchanged after hovering in a very narrow range. The Sensex manages to stay in the green. The Sensex ends up 21.44 points at 20149.85, and the Nifty closes the day at 6029.20, down 8.85 points. About 1027 shares have advanced, 1301 shares declined, and 156 shares are unchanged.

3:50 pm Midcap gainers: Manappuram Finance (up 26.5 percent), Glaxo Smithkline (up 13.5 percent), Godrej Consumer (up 13 percent), Nitesh Estates (up 25 percent), Opto Circuits (up 22.4 percent), Zee Learn (up 15 percent),Jain Irrigation up 12.5 percent, Bayer Crop (up 12 percent) are top gainers of the week.

3:40 pm Results impact: Mastek shares crashed 10 percent as the IT solutions provider disappointed the street with the fourth quarter (April-June) consolidated net profit falling 65 percent quarter-on-quarter to Rs 7 crore on forex loss and weak growth in UK operations.

Consolidated total income declined marginally to Rs 222.3 crore in June quarter from Rs 229.5 crore in previous quarter.

3:35 am Gainers and laggards of the day: TCS (up 4.9 percent), Bajaj Auto (up 3.7 percent), Hero Motocorp, Tata Motors and GAIL are top gainers in the Sensex. Top losers include BHEL, Sun Pharma, Sterlite, Jindal Steel and ICICI Bank.

3:30 Macro outlook: Deutsche Bank cuts India's growth forecast for the current fiscal year ending in March 2014 to 5 percent from 6 percent after recent industrial production, trade, and business sentiment data, it said in a note on Friday.

"We feel that a growth turnaround would take longer than we had expected earlier. The weak trend of capital goods imports suggests that the rate cut cycle has not yet managed to turn around investment sentiment," Deutsche said in the note.

3:25 pm Exclusive interview: Rana Kapoor of YES Bank believes the recent RBI measures to curb rupee volatility will not impact lending and deposit rates for banks.

"The issue is about rates going up in the short band. So it's likely to impact only inter bank call rates. It's not affecting the long-term borrowing rates for most corporate entities. Secondly, if you go by the example of a similar step, which was taken after the Asian crisis in January of 1998, it lasted all of 4-5 months and it was reversed thereafter after the currency has stabalised. So I think the stabalisation of the currency is very important to restore investor confidence," he told CNBC-TV18.

The market is almost flat in last trading hour of the week. The Sensex is up 25.37 points at 20153.78, and the Nifty is down 7 points at 6031.05. About 971 shares have advanced, 1238 shares declined, and 149 shares are unchanged.

Banks and capital goods are dragging the indices while technology stocks are holding firm led by TCS.

State-owned capital goods major BHEL crashed 8 percent as concerns persist on additional order cancellations, sustained weak inflows, reduction in cash flow and margin pressure.

Sun Pharma, Sterlite Industries, ICICI Bank and Jindal Steel are among the laggards.

India's largest mortgage lender- Housing Development Finance Corporation 's (HDFC) first quarter (April-June) standalone net profit rose a little more than 17 percent year-on-year to Rs 1173 crore , driven by robust individual loan growth. Net interest income (NII) or the difference between interest earned and paid out, increased at a similar pace to Rs 1,521 crore.

Hindustan Media Ventures' April-June quarter net profit jumped 57 percent year-on-year to Rs 30.3 crore and net sales grew by 13.2 percent Y-o-Y to Rs 177.3 crore. Shares gained 2.6 percent.

03:02pm Bajaj Auto Boardroom

Managing director Rajiv Bajaj says that the company has not lost any material market share on year-on-year basis. "We have 46 percent market share in the sports segment," he adds.

"We are working on 6 new variations of the Discover and all launches will be under the Umbrella brand Discover. A big launch in Discover brand is lined up for September 2013," Bajaj said.

02:59pm Results corner

Hindustan Media Ventures' April-June quarter net profit jumped 57 percent year-on-year to Rs 30.3 crore and net sales grew by 13.2 percent Y-o-Y to Rs 177.3 crore. Shares gained 2.6 percent.

02:50pm Earnings - eClerx Services' first quarter consolidated net profit grew by 28 percent quarter-on-quarter to Rs 61.7 crore, blostered by other income of Rs 11 crore. Income from operations increased to Rs 190 crore from Rs 174.3 crore Q-o-Q. The stock gained 1.6 percent amid hefty volumes.

02:40pm HDFC shares plunged 3.5 percent after its net interest margin dropped to 3.9 percent in first quarter from 4.2 percent in previous quarter.

Net profit rose lower than expected 17 percent year-on-year to Rs 1173 crore as against analysts' forecast of Rs 1200 crore for the quarter.

Gross non-performing asset (NPA) increased to 0.77 percent in June quarter versus 0.7 percent in a year ago period.

02:30pm Equity benchmarks remained flat to positive while the broader markets slipped marginally. Technology, telecom, auto, FMCG and oil & gas stocks gained whereas financials, capital goods, power and metals stocks are under pressure.

The BSE Sensex is up 68.85 points at 20197.26, and the Nifty is up 5.10 points at 6043.15.

TCS shares gained more than 5 percent on strong first quarter earnings followed by Bajaj Auto, Hero MotoCorp, Tata Motors and HCL Technologies with 3-4 percent gains.

However, state-owned capital goods major BHEL crashed 7 percent as concerns persist on additional order cancellations, sustained weak inflows, reduction in cash flow and margin pressure.

IndusInd Bank , Sterlite Industries, Axis Bank , Jindal Steel and Ranbaxy Labs fell 3.5-4.5 percent.

2:00 pm Buzzing: Lupin is up around 2 percent as the company is forming a strategic partnership with MSD to co-market MSD's 23-valent Pneumococcal polysaccharide vaccine for Indian market.

1:50 pm Trading tips on banks: In an interview to CNBC-TV18, Darpin Shah, assistant vice president, Institutional Research, HDFC Securities shares his views on Q1 bank earnings and his expectations going ahead.

Shah advises sticking to the private sector lot as he sees no near-term trigger to push the PSUs banks up. He is bullish on Axis Bank, ICICI Bank and IndusInd Bank.

After Axis Bank posted better-than-expected results, HDFC Securities has upgraded the stock to 'buy' with a target price of Rs 1,570.

1:40 pm Gold in global market: China's first two newly launched gold exchange-traded funds have raised a total of 1.6 billion yuan in their initial funding round, coming in below expectations due to sliding gold prices and a recent credit-crunch scare, reports Reuters.

The launch of China's first gold-backed ETFs is being closely watched to judge local investors' appetite for paper gold in a country where physical bullion is in great demand for weddings, gift-giving and as an investment tool.

1:35 pm Expert views: In an interview on CNBC-TV18 , Sanjay Nayar, CEO & Country Head, KKR India, says investment by Indian businessmen is rather weak and the government needs to take steps to boost investor sentiment. He feels a lot depends upon the ability to execute new projects and see some growth come back.

Nayar says the government should work at the economy moving to the 7% level from the current 5% considering the downstream effects of infrastructure growth, housing growth, consumption, supply side, among others, will be massive and that is where again private equity (PE) will become very relevant.

1:30 pm Boardroom: Software services exporter Hexaware sees business momentum returning in its key markets of North America and Europe. The company does not foresee any pricing pressure going ahead and expects to maintain margins at current levels, chairman Atul Nishar told CNBC-TV18 in an interview .

"We believe the growth momentum should sustain which is reflected in our guidance of 3.5 to 5.5 percent growth in the coming quarter," he added.

He further added that the company has bagged four large deals worth over USD 25 million each Hexaware added 14 new clients in second quarter and its attrition rate was 11 percent.

1:20 pm Oil update: India's gas output is expected to rise to 175 mscmd (million standard cubic metres per day) in 2016/17, from 105 mscmd in the current financial year, Oil Minister Veerappa Moily told reporters on Friday, reports Reuters.

India's gas output has been falling since April 2010 because of geological complexities at Reliance Industries -operated D6 block in the east coast, while state oil and gas producers are struggling to arrest decline in aged fields.

It is a flat Friday with the Nifty trading below the 6050 mark. The Nifty is up 2.85 points at 6040.90 while the Sensex is up 58.06 points at 20186.47. About 888 shares have advanced, 1115 shares declined, and 151 shares are unchanged.

Technology and autos gain even as banks and capital goods continue to be under pressure. The mid and small caps see relative underperformance.

Gitanjali Gems crashed for the fifth consecutive week and has been hitting lower circuit for the 20th session today. It has shed 80 percent since June 18, 2013 from Rs 546.50 to current price of Rs 109.85 on the BSE.

SEBI and NSE have barred 26 entities and persons from trading in equity markets for six months. This is related to the prime broking case and the activity in Gitanjali gems. The banned entities and persons are linked to Gitanjali Gems and Prime Broking, and the list includes Gitanjali Gems' promoter Mehul Choksi. 

Another big day of earnings as Reliance gets set to announce its first quarter results. Profits are likely to see a 6 percent drop quarter on quarter led by a drop in gross refining margin to USD 8.50 per barrel. The gas output from KGD6 could fall sequentially.

12:59pm Bajaj Auto gained more than three percent after recouping morning losses, reacting to first quarter earnings that were in-line with expectations on all parameters . Its rival Hero Motocorp rose nearly 3 percent.

Shares of Tata Motors, Hindustan Unilever, Bharti Airtel and Mahindra & Mahindra climbed 1.5-2 percent.

Gitanjali Gems crashed for the fifth consecutive week and has been hitting lower circuit for the 20th session today. It has shed 80 percent since June 18, 2013 from Rs 546.50 to current price of Rs 109.85 on the BSE.

12:50pm Education company NIIT reported consolidated net loss at Rs 9.5 crore for the first quarter as against profit of Rs 11.5 crore while revenue also declined to Rs 222.2 crore from Rs 227.5 crore Y-o-Y.

Meanwhile, TCS shares remained top gainer among largecaps, rising more than 5 percent followed by Infosys and Wipro with 1-2 percent gains

12:40pm Oil Minister Marpadi Veerappa Moily says that KG-D6 output is seen rising from 2016-17. "Gas output is seen rising to 175 mmscmd in 2016-17," he adds.

He further says the approval of Reliance Industries' KG-D6 field development worth USD 1.53 billion has been granted. "KG-D6 output for FY14 will be around 18.78 mmscmd." Reliance Industries' shares rose 0.6 percent to Rs 922.45.

Shale gas policy has been finalised. He says the ministry will send note to cabinet on Shale gas policy in 15-20 days.

Moily says that India targets production of 105 mmscmd gas in FY14.

Also Read - Growth to be below 6.5% for FY14; rupee key concern: PM

12:30pm The NSE Nifty erased morning gains in noon trade, weighed down by banks, capital goods and metals stocks. The index is down 4.90 points to 6033.15 while the BSE Sensex is up 30.31 points at 20158.72.

The market breadth also turned negative as declining shares outpaced advancing by 1083 to 908 on the Bombay Stock Exchange.

Shares of state-owned capital goods major BHEL crashed nearly 7 percent, and engineering major Larsen & Toubro lost 1.7 percent.

Banks are also under pressure today with the country's largest private sector lender ICICI Bank falling nearly 3 percent. Its rivals State Bank of India and HDFC Bank slipped 1 percent and 0.5 percent, respectively.

Metals are in red as well; Jindal Steel plunged over 4 percent followed by Hindalco , Sterlite and Tata Steel with 1-2 percent losses.

TTK Prestige gained 1.5 percent as the kitchen appliances manufacturer allotted 3 lakh equity shares to Cartica Capital through preferential issue. The company raised Rs 106.20 crore at a premium of Rs 3,540 apiece.

KEC International shares rallied 1.5 percent as the electric power transmission manufacturer bagged orders worth Rs 1,300 crore.

11:55 am Macro outlook: A recovery in developed markets later this year will boost India's flagging economy, but growth will be lacklustre at best as the RBI refrains from cutting interest rates in order to keep a battered rupee currency from falling further.

The latest Reuters poll of over 30 analysts showed Asia's third largest economy is expected to grow 5.6 per cent in the fiscal year ending March 2014, compared to 6.0 per cent forecast in the previous poll in April.

11:50 am Expert view: In an interview on CNBC-TV18 , Jitendra Sriram, MD & Head of Research, HSBC India, said the gradual fall seen in the rupee is in sync with the strengthening of the US dollar.

According to him, if the Reserve Bank of India (RBI) wanted to hike rates, it would have done so directly and had not beaten around the bush by trying to do the spread on the LAF corridor. ''The basic objective of the RBI was to prevent people from borrowing from RBI and then using it to hold up dollars,'' Sriram said.

Sriram also sees 8-10 bps dip in net interest margins (NIM) for banks on the back of recent RBI measures. He cautions that asset quality for banks is likely to worsen in the near-term.

TCS continues to remain his top pick in the IT space. "Thursday's results show a 6 percent dollar growth, which is a very good number to post in this kind of a challenging environment," he added. The country's largest software services exporter posted a 16 percent year-on-year rise in net profit in the first quarter of 2014.

He further added that India's energy sector desperately needs investment.

11:45 am: TTK Prestige allots 3 lakh equity shares to Mauritius-based Cartica Cap via preferential issue at a premium of Rs 3540 per share. The stock is up 1.7 percent on the BSE.

11:40 am Buzzing: KEC International bags orders worth Rs 1,300 crore. The stock is currently at Rs 35.45, up Rs 0.50, or 1.43 percent on the BSE.

11:35 am Movers and losers: TCS (up 5.4 percent), Tata Motors , Infosys , HUL and Coal India are the top gainers. Meanwhile on the losing side are BHEL , Jindal Steel , Sun Pharma , ICICI Bank and Tata Power .

11:30 am PM's take on rupee: The Indian economy is going through a "difficult period" and is likely to grow slower than previously expected 6.5 percent for the year ending March 2014, Prime Minister Manmohan Singh said on Friday.

Singh, speaking at an industry event, said the UPA government would unveil more reforms for foreign direct investment (FDI), but he gave no details.

"We are committed to bringing the current account deficit under control by addressing the demand side and supply side of the problem. On the demand side we need to reduce the demand for gold and the demand for petroleum products, the two biggest components of our trade deficit," he told businessmen in New Delhi.

The market is volatile as key companies are announcing April-June quarter earnings today. The Nifty slips below 6050 and is flat at  6055, up 6 points. The Sensex, meanwhile, is up 66.22 points at 20194.63. About 942 shares have advanced, 886 shares declined, and 130 shares are unchanged.

Technology, auto and oil & gas stocks are lending support to the market.

Bajaj Auto's met analysts' forecast on all parameters with the first quarter net profit growing 2.8 percent year-on-year to Rs 738 crore, but the forex loss of Rs 96 crore capped profitability.

Net sales grew by 0.9 percent to Rs 4,911 crore during April-June quarter from Rs 4,865.8 crore reported in a year ago period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 4 percent Y-o-Y to Rs 906 crore while operating profit margin increased by 60 basis points Y-o-Y to 18.5 percent in first quarter. The stock is down 0.4 percent on the BSE.

Meanwhile, UCO Bank falls 3 percent post announcement of Q1 results. Net Profit of UCO Bank jumped 41 percent to Rs 511 crore in Q1 FY13 compared to Rs 362.5 crore (Y-o-Y). During the quarter, its gross non-performing asset (NPA) was at 5.58 percent vs 5.42 percent sequentially. Ahead of the results, the stock had seen a rally of 15 percent on Thursday.

Asian markets are weak this morning reacting to Google and Microsoft's numbers that came below expectations hence sending technology stocks lower. Sentiment was soured after Detroit filed for the largest ever bankruptcy in US history with a debt of USD 18.5 billion.

From commodities Nymex jumped to its highest level in 16 months at USD 108 with the discount between Brent and Nymex narrowing to nil. Gold was a rise of 0.5 percent to USD 1284 per ounce.

The dollar index rose to 82.86 vs 82.59 with the yen at 100 against the dollar. Watch for the Indonesian rupiah that's slumped for the 11th day in a row.

10:59am Reliance Industries , Bajaj Auto , HDFC , UCO Bank , Federal Bank , Crisil, Bajaj Holdings, Eclerx, Hindustan Media Ventures , Hindustan Zinc , JK Paper , Mastek , NIIT , Unichem Labs , Zenith Info and Mafatlal Finance will announce their April-June quarter earnings today.

The BSE Sensex is up 96.26 points at 20224.67, and the Nifty is up 15 points at 6053.05. Advancing shares outnumbered declining ones by 909 to 718 on the BSE.

Also Read - Banks' NIMs may dip 10 bps on RBI moves; TCS top bet: HSBC

10:50am Shares of Bajaj Corp surged nearly 7 percent as its promoter will sell over 1 crore or more than 9 percent equity in the company through the offer for sale route. The floor price for the offer for sale has been set at Rs 200 a share.

The National Stock Exchange will drop Indian Hotels (down 2 percent) and Raymond (fell 1.8 percent) from futures & options segment with effect from September 27.

Nitesh Estates shares rallied 6 percent as the real estate firm obtained clearances for its 5-Star Luxury Hotel-The Ritz-Carlton, Bangalore.

10:40am A media report suggests that nine drug companies including Ranbaxy Labs (down 0.6 percent), Dr Reddys Labs (flat), Glenmark Pharma (up 0.6 percent), Cadila (down 0.36 percent) and Cipla (down 0.5 percent) are likely to face a hefty penalty from the national pharmaceutical pricing authority over allegedly selling anti-asthma drug without prior price approval. "The total penalty is estimated to be Rs 2,500 crore because the fine will be calculated in retrospect from 2009," a report said.

10:30am Atul Nishar, Chairman of Hexaware said the company saw robust growth in North America and Europe.

He does not see any pricing pressure going forward and expects to maintain margins at current levels. "We have four large deals worth over USD 25 million each in pipeline," he adds.

Girish Agarwaal, Director of DB Corp said advertising revenue has grown by 21 percent year-on-year to Rs 345 crore in April-June quarter, driven by high education, lifestyle and auto sector spends.

Advertising revenue of radio business jumped 22 percent Y-o-Y to Rs 17 crore, he added. "Improvisation in advertising revenues possible going ahead with increasing spend," Agarwal said.

10:20am Hexaware Technologies beat analyst estimates with its second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore. Analysts on an average had expected it to report a bottomline of Rs 87.7 crore. Shares gained more than two percent.

Hanung Toys and Textiles rallied nearly 4 percent as the company received export order worth about Rs 360 crore from a US-based firm.

10:10 am Indian equity benchmarks continue to trade higher with the BSE Sensex gaining 105.59 points to 20234 in Friday morning, led by better-than-expected earnings in technology space.

The NSE Nifty is up 19.60 points at 6057.65 while the broader markets too are on the higher side with the BSE Midcap and Smallcap indices rising 0.5 percent each.

About two shares advanced for every one share declining on the BSE.

TCS shares soared more than 5 percent to touch a record high of Rs 1751, after it reported higher-than-expected numbers in April-June quarter.

India's largest software services exporter Tata Consultancy Services is all set take advantage of likely delays in immigration bill and a weaker currency. Speaking to CNBC-TV18, Rajesh Gopinath, CFO confirmed that the outlook for FY14 is good as the company has a fantastic pipeline of deals .

MindTree shares rallied 5.66 percent intraday to touch a more than 6-year high of Rs 966.20, after it reported a better-than-expected 52 percent year-on-year (72 percent quarter-on-quarter) jump in its first quarter net profit at Rs 135 crore. New deal wins and foreign exchange gains boosted the profitability of the company

10:00 am: Bajaj Auto slips 1.07 percent ahead of the first quarter earnings expected today.

9:50 am Losers: BHEL , NTPC , Bajaj Auto, Tata Power and Sun Pharma are major losers in the indices.

9:45 am Bond market update: The trading band for government bonds has been removed for Friday , the Fixed Income Money Market and Derivatives Association of India (FIMMDA), said on its website, for a fourth day in a row after the Reserve Bank of India (RBI) announced measures to curb the rupee's decline, reports Reuters.

9:45 am International news: Detroit bankruptcy news is not enough to shake confidence and Standard Chartered Bank remains overweight on US equities, says Chief Investment Strategist Steve Brice.

He expects US stock market to continue to make new highs aided by better than expected corporate earnings. The markets seem to be shrugging of bad news from Detroit and are focusing on Fed and US data, he adds.

Emerging market equities are cheap and oversold from a valuation perspective now, they may see a bounce in the near-term but in the long-term they will underperform US equities.

9:40 am Weak stock: NSE is going to drop Indian Hotels , Raymond from F&O segment effective from September 27. Indian Hotels is down  2.6 percent while Raymond slips 1.2 percent on the BSE.

9:35 am Buzzing: Hanung Toys jumps 5.5 percent on the BSE as it gets export order worth about Rs 360 crore from a US-based firm.

9:30 am Results impact: Post strong April-June qaurter earnings, MindTree jumps 3.4 percent, while Hexaware is up 2.9 percent on the BSE. Hexaware Technologies beat analyst estimates with its second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore. Analysts on an average had expected it to report a bottomline of Rs 87.7 crore.

Consolidated rupee revenue grew by 5.7 percent Q-o-Q to Rs 536.6 crore and dollar revenue rose marginally to USD 94.8 million from USD 94 million. Both were in-line with expectations of Rs 534.4 crore and USD 94.7 million.

9:25 am TCS Boardroom: After posting 16 percent year-on-year rise in net profit in the first quarter of 2014, India's largest software services exporter Tata Consultancy Services is all set take advantage of likely delays in immigration bill and a weaker currency ( Full interview here .)

Continuation of such financial outperformance will likely help TCS maintain its premium valuations within the sector. Speaking to CNBC-TV18, Rajesh Gopinath, CFO confirmed that the outlook for FY14 is good as the company has a fantastic pipeline of deals. N Chandrasekaran, managing director and chief financial officer; Ajoy Mukherjee, EVP & Global Head-HR, and Phiroz Vandrevala, director, too shared their views on the company's outlook.

The TCS management says it is confident that pricing will remain stable for the next 12 months and the next quarter won't see any decline in realisation. The software company witnessed a decline in the first quarter.

The market has opened in the positive terrain. The Sensex is up 78.79 points at 20207.20, and the Nifty up 23.85 points at 6061.90.  About 205 shares have advanced, 73 shares declined, and 28 shares are unchanged.

IT bellwether TCS jumps over 3 percent on the back of stellar set of April-June quarter earnings . Its revenues rise over 4 percent in dollar terms sequentially. TCS's Q1 consolidated net profit rose higher-than-expected 16 percent year-on-year (6 percent quarter-on-quarter) to Rs 3,831 crore, helped by new deal wins and a foreign exchange gain.

In today's earnings, oil & gas major Reliance will report its first quarter numbers today. Profit is seen lower at Rs 5,240 crore vs Rs 5,589 crore profit last quarter. Gross refining margins (GRMs) are seen around USD 8.5 per barrel. Gas output from KGD6 is likely to fall sequentially, to average around  15 mmcmd.

Bajaj Auto's revenues may come flat due to slowdown. However, rupee depreciation is expected to aid profitability. Their volumes declined 9.2 percent year-on-year.

Meanwhile, HDFC is seen reporting a steady set of numbers with 20 percent net interest income and profit growth. Asset quality is likely to be maintained.

Other companies which are expected to announce first quarter earnings are UCO Bank , Federal Bank , Crisil, Bajaj Holdings, Eclerx, Hexaware, HMVL , Hindustan Zinc , JK Paper , Mastek , NIIT , Unichem Labs , Zenith Info and Mafatlal Finance.