With the equity sharemarkets still continuing to rally, one can continue holding on to their current positions but the risk reward is yet slightly unfavourable to build aggressive positions said Yogesh Radke, Head of Quantitative Research, Edelweiss Securities in an interview to CNBC-TV18. According to him, in case National Democratic Alliance (NDA) gets above 250 seats Nifty could cross the levels of 7500, but post the election euphoria Nifty could consolidate.

Bank of India’s Q4FY14 net profit dropped significantly to Rs 557.5 crore from Rs 756.6 crore while net interest income increased to Rs 3,047.3 crore from Rs 2,476 crore Y-o-Y. Asset quality worsened. Gross non-performing assets (NPA) widened to 3.15 percent from 2.81 percent and net NPA rose to 2 percent from 1.75 percent on sequential basis.

Index provider MSCI adds Aurobindo Pharma to the MSCI India index after its semi-annual global index review, it said on its website on Wednesday. Also, MSCI adds 13 stocks and deletes the same amount from MSCI global small-cap indexes. Key additions to MSCI small-cap indexes include Bajaj Corp, Coromandel International, Jaiprakash Power and Indian Bank. Changes will be implemented on the close of May 30. Multiple dealers say MSCI has also reduced HDFC Bank’s weight in the India index by certain percentage points due to existing rules on foreign investment in the lender’s stock.

Equity benchmarks slipped marginally amid choppy trade. The Sensex declined 56.47 points to 23758.65 and the Nifty fell 19.30 points to 7089.45. Declining shares outnumbered advancing ones by a ratio of 1545 to 945 on the BSE. April WPI inflation eased to 5.2 percent from 5.7 percent in March led by decline in food, fuel and manufactured products inflation. India’s largest private sector lender ICICI Bank lost more than 1.5 percent followed by L&T, HDFC, TCS, Wipro, Bajaj Auto, Bharti Airtel and Dr Reddy’s Labs with over a percent. Index heavyweight Reliance Industries slipped 0.3 percent.