The Indian equity markets have kick-started trade on a positive note, with the Nifty gaining as much as 0.5 percent to 8,800 following positive Asian cues.
Here are some of that are moving the market today:
MCX: Gains On Introduction of Options In Commodity Derivatives
Shares of the commodity exchange gained as much as 11 percent to Rs 1,386 continuing its strong run. The stock also hit a fresh 52-week high during this process. The company has gained for 11 out of the last 12 trading sessions. The stock has gained 41 percent this month.
Hindustan Copper: Slumps On Government Stake Sale Buzz
Shares of the government-owned company fell as much as 4.2 percent to Rs 62.10 after the government has planned to sell its stake of 6.47 equity shares at a floor price of Rs 62 per share through an offer for sale.
Stocks to watch out for today: Hindustan Copper, ONGC, Jaiprakash Associates and more. https://t.co/i5Sb6Q15Xc pic.twitter.com/YlNqYsQScy
UB Holdings: Strong Quarterly Earnings Boost
Shares of the Bengaluru-based conglomerate surged as much as 8 percent to Rs 46 after the company's net profit for April to June quarter rose 12.7 times to Rs 29.5 crore on increased revenue and lower costs.
United Spirits: Gains On Expected Relief From Kerala Government
Shares of the company gained as much as 2.5 percent to Rs 2,376 on news that the Kerala government will revoke the liquor ban in the state.
ONGC: OPEC Deal Boost
Shares of the government-owned oil explorer rose as much as 2.5 percent to Rs 258 on the back of the OPEC's decision to cut crude output leading to a rise in crude oil prices. The company has also asked the government to set a floor price on gas.
OPEC surprises oil traders with its first production cut in eight years. https://t.co/yjeHnovv79
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