Piramal Enterprises, Coal India, GlaxoSmithKline Pharmaceuticals and Emami are among the other gainers.
Power generation company Reliance Power jumped 5.34% to Rs 75.90. The stock topped the gainers in the BSE's 'A' group. The Supreme Court on Wednesday, 24 September 20014, scrapped 214 of the coal blocks allocated between 1993 and 2010, sparing only four coal blocks. Those exempted from this verdict include allocations to NTPC, Steel Authority of India and Reliance Power's ultra-mega power project (UMPP) in Sasan, Madhya Pradesh.
Diversified firm Piramal Enterprises galloped 5.19% to Rs 806. The stock was second biggest gainer in 'A' group.
State-run coal producer Coal India spurted 5.02% to Rs 351.35 after the Supreme Court's ruling on illegal coal blocks. The stock was third biggest gainer in 'A' group.
According to media reports, Coal India is likely to manage cancelled coal blocks until they get re-auctioned.
GlaxoSmithKline Pharmaceuticals climbed 4.74% to Rs 2,666.05. The stock was fourth biggest gainer in 'A' group.
FMCG company Emami rose 4.26% to Rs 697.85. The stock was fifth biggest gainer in 'A' group.
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