Explained 5 stock movements today
-HDFC Limited tanked after PE major, Carlyle offloaded its residual stake: Share lost nearly 5 per cent after Carlyle group sold its 3.7 per cent remaining stake through block deals.
-Emkay Global plunged after NSE blamed broking firm for erroneous trades: A thinly traded counter, got locked in the lower circuit of 10 per cent on the back of this news.
-Adani Power tumbled on plans of promoters to pare down some stake: Scrip lost more than 3 per cent after promoter group company, Adani Agro announced that it would be selling 3.58 crore shares (1.64 per cent stake) of the company on Monday (8th October).
-MCX rallied after Cabinet cleared FCRA Bill: Stock gained over 3 per cent after government approved the Forward Contracts Regulation Act (FCRA) bill which would provide a boost for further development of commodity futures market.
-Britannia edged higher on buzz of land sale deal: Share gained 1.62 per cent after reports suggested that company is close to signing a deal to sell its Bangalore land spread across 6 acres for nearly Rs 550 crore.