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Wipro, MCX among top 5 stocks that hogged limelight on Dalal Street today

Shares of Carborundum Universal declined 2.07 per cent on BSE even after the Reserve Bank on Friday allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit. 

BT Online   New Delhi     Last Updated: June 17, 2016  | 16:04 IST

Snapping previous session's losses, the S&P BSE Sensex on Friday settled the day 100 points higher, while the broader Nifty50 jumped above its key 8,150-mark.

The headline indices rallied tracking positive trend seen in Asian markets after the killing of a pro-EU lawmaker was seen swaying sentiment toward the "Remain" camp on EU referendum.

Key stocks that buzzed in today's trade:
 
1)Pidilite Industries: Shares of Adhesives and industrial chemicals manufacturer Pidilite Industries settled the day  0.16 per cent up on BSE after the company informed its wholly-owned subsidiaries have fully acquired Kenya-based firm Nebula East Africa Private Ltd (NEAPL) for an undisclosed sum.

2)Glenmark Pharmaceuticals: Shares of Glenmark Pharmaceuticals closed the day 1.81 per cent on BSE down even after the International Finance Corp is looking to invest up to $75 million or about Rs.500 crore, in Glenmark Pharma which is raising $200 million to reduce debt and expand operations.

3)Wipro: Shares of IT major Wipro settled the day 0.43  per cent up on BSE after the company asked for government's nod to set up an IT special economic zone (SEZ) over an area of 19.76 hectares in Kolkata, as per reports.

4)MCX: Shares of Multi Commodity Exchange of India settled the day 0.35 per cent up on BSE after the company informed it plans to introduce four-five contracts in agri-space in near future and hopes to launch its own clearing corporation.

5)Carborundum Universal: Shares of Carborundum Universal declined 2.07 per cent on BSE even after the Reserve Bank on Friday allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit.

 

 

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