Mumbai -- After opening in green territory in the morning, the market continues with its grace.

Among the Banking stocks, after getting clearance of SBI Act from Union Cabinet SBI has flew higher by 3.6% to Rs. 907. India's largest public sector bank has also confirmed the Aug. 3 hike in the PLR. SBI shares touched the highest in three months. The scrip has reached an intra-day high of Rs. 924 and a low of Rs. 885 and has recorded volumes of over 4 lakh shares on NSE.

A permission to FIIs from RBI to buy 49% stake in the bank has pushed the UTI Bank higher. The Bank has surged by 4% to Rs. 342 after the permission. The scrip has reached an intra-day high of Rs. 343 and a low of Rs. 333 and has recorded volumes of over 81 thousand shares on NSE.

Similarly, a declaration of mega expansion plans has prompted Pantaloon Retail (India) Limited to advance further. India’s leading retailer with a turnover of Rs. 1,073 crore (US$242 million) for the financial year ended June 2005, Pantaloon Retail has climbed by 2.1% to Rs. 1706 after the company announced mega plans to raise funds for expansion. The scrip has touched an intra-day high of Rs. 1720 and a low of Rs. 1679.

S&P's triple 'b' rating for its US$750mn equivalent 7-year senior unsecured bank loan facility has made Tata Steel feel proud.

The rating influenced the company shares with positive impacts. Tata Steel, India's largest integrated private sector steel company, has spurred by 1.5% to Rs. 525. The scrip has touched an intra-day high of Rs. 527 and a low of Rs. 517 and has recorded volumes of over 3 lakh shares on BSE.