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MARKET EYE-United Spirits jumps on rising hopes for Diageo deal

* United Spirits

gains 6.6 percent on rising hopes the Indian spirits maker controlled by billionaire Vijay Mallya will clinch a deal to sell a stake to Diageo Plc

.

* A report in The Economic Times, which suggested Mallya and rival liquor tycoon Kishore Rajaram Chhabria have arrived at a truce in their long-standing legal dispute over ownership of whiskey brand Officer's Choice, was seen facilitating a potential deal with Diageo.

* Calls made by Reuters to United Spirits officials were unanswered while Chhabria could not be contacted immediately.

(abhishek.vishnoi@thomsonreuters.com)