With the rising NPAs becoming a threat, the banking giant is contemplating selling partial NPAs to Assets Reconstruction Company in the current quarter (Jan-March FY14). This positive move will help bring the NPAs under control and increase the bottomline of the bank.

Gold April future saw some negative scenario in today’s opening session, making a low below the technical level of 30000. Silver May future is currently trading on a negative note, below the level of 46000. Crude oil observed a nosedive trade during the intraday trade, while Natural Gas saw some recovery from the lower ends. Copper had a perpendicular fall and also made a new life time low in April expiry contract. 

The first day of the week traded in circles of volatility with indices closing the day on a mildly positive note. In the last couple of sessions markets witnessed a superb upward movement making a new life time high, with Sensex touching the 22,000 mark. Bankex and Capital goods sector were the biggest gainer of the day, both closing up by 259 points. At the end of the trading session Nifty was up by 10 points at 6537 and the Sensex closed up by 15 points at 21934.

Indian subsidiary of the world’s largest supplier of automobile parts Bosch is planning to tap the rising market of non auto segments. With auto companies going through a lull in the current scenario, the company wants to focus more on non auto segments which they predict to be a future growth story in the country.

Markets continue with choppy trading in the mid session as the 30 share Sensex is up by 12 points at 21931 and the 50 share Nifty is up by 5 points at 6533. IDFC is leading the gainer’s list so far, trading higher by 6.76%. On the other hand Larsen and Turbo hit a 52 week high to touch Rs 1242, on the back of new construction orders bagged by the company. Asian markets continue to trade in the negative zone.