Satyam Computer Services presently trades at Rs 35.40, up by 11.55 points or 48.43% from its previous closing of Rs 23.85 on the BSE.

The government on Sunday reconstituted the board of directors of Satyam Computer Services.

An over-all selling pressure was seen in the equities market today with Mid-cap and Small-cap indices along with blue-chip stocks were hit in trades today.

Markets have dipped sharply from the top in the mid-afternoon trades as key indices saw stiff resistance at higher levels.

HDFC Bank, the second largest private sector lender has surpassed the largest private sector lender, ICICI Bank, in terms of branch network.

Markets have picked up after the afternoon trades dismissing feeble signals from the equity markets across. The FTSE and the CAC index have dipped from their day’s high’s slipping over a percent.

Private sector banking major, HDFC Bank, has reviewed its yardstick prime lending rate (PLR) by 50 basis points (bps), to 16% against 16.5% earlier.

HDFC Bank’s shares have rushed forward after the bank announced that it has sought RBI permission to buy 10% in MMTC-Indiabulls promoted commodity exchange, which is expected to be operational by March 2009.