MMTC surges 6%

The stock jumped 5.9 per cent to Rs 35,766.55 after the government said that it plans to sell 10 per cent stake in the company. The government holds 99.33 per cent stake in the company.

The government sale will fetch around Rs 18,000 crore, at the current market price. The decision was taken to cap its holdings in listed state-run firms at 90 per cent and sell stakes in firms in which its shares exceed the limit.