ABG Shipyard, Banking stocks plunge

Mumbai -- Selling pressure has pulled back Banking stocks. ICICI Bank has slipped by 1.8% to Rs. 588, Bank Of India is down by 1.5% to Rs. 127, SBI has plunged by 0.7% to Rs. 856 and Corp Bank has slipped by 1.3% to Rs. 278.

ABG Shipyard has dragged by 1% to Rs. 208 after the company closed their Surat shipyard because of abundant rains. The scrip has touched an intra-day high of Rs. 211 and a low of Rs. 207 and has recorded volumes of over 3 thousand shares on BSE.

However, Micro Technologies has gained by 3% to Rs. 184 after the company declared that their Security products would enter US Homeland market. The scrip has touched an intra-day high of Rs. 192 and a low of Rs. 179 and has recorded volumes of over 2 lakh shares on BSE.

Detergent giant Nirma has gained by 1.8% to Rs. 377 after the company announced that it is set to launch a separate healthcare subsidiary. The scrip has touched an intra-day high of Rs. 389 and a low of Rs. 371 and has recorded volumes of over 4 thousand shares on NSE.

Cambridge Solutions has gained by 2.3% to Rs. 110 after the company secures an off shore service contract worth £49mn over a ten year period. The scrip has touched an intra-day high of Rs. 118 and a low of Rs. 108 and has recorded volumes of over 1 lakh shares on NSE.