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United Spirits, Eros International among five stocks buzzing in trade today

The headline indices were trading in a range tracking positive trend seen in Asian markets after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the US presidency.

BT Online   New Delhi     Last Updated: September 29, 2016  | 12:54 IST
United Spirits, Eros International among five stocks buzzing in trade today

The S&P BSE Sensex on Thursday pared some gains to trade flat, while the broader Nifty50 slipped below its key 8,800 level on the derivatives expiry day.

The headline indices were trading in a range tracking positive trend seen in Asian markets after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the US presidency.

Below are five stocks that are buzzing in trade today:

MCX: Shares of the Multi Commodity Exchange (MCX) soared over 12 per cent to hit a fresh 52-week high of Rs 1,400 after Securities and Exchange Board of India (Sebi) allowed it to launch options contracts in commodities.

Eros International Media: Shares of Eros International Media rose over 5 per cent after the firm announced its tie-up with UAE's largest film distribution and exhibition network, Phars Film. This partnership will allow the two companies to jointly co-produce Malayalam films and explore theatrical rights between themselves, the company said in a BSE filing.

Hindustan Copper: Shares of Hindustan Copper fell as much as 4.36 per cent on government's plan to sell 7 per cent stake through a two-day offer. The share sale will be done through offer for sale (OFS) route at a base price of Rs 62 per share as a part of this year's disinvestment programme.

Liquor stocks: Liquor stocks such as United Breweries (Holdings), United Spirits and Radico Khaitan surged up to 10 per cent after Kerala government said it is planning to announce a revised policy on liquor.

ICICI Prudential: ICICI Prudential Life Insurance, the first Indian insurer to get listed on stock exchanges, made a tepid debut on D-Street. The scrip got listed at Rs 329 on BSE, a 1.5 per cent discount to its offer price of Rs 334. On NSE, the stock got listed at Rs 330 per share.

(With inputs from agencies)

 

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