At 12:39 pm (IST), the BSE Sensex was trading at 20,903, up 195 points over the previous close, while NSE Nifty was quoting at 6,223 up 56 points over the previous close.
The BSE Small-Cap index and BSE Mid- Cap index was trading flat.
RIL, Infosys, TCS, Wipro, ONGC, Tata Power, Cipla, Coal India, Gail India, Tata Motors, ICICI Bank, HDFC, Jindal Steel, Tata Steel, Mahindra & Mahindra, are among gainers in Sensex and Nifty.
NTPC,Sun Pharma, ITC, HUL, Bharti Airtel,Hero MotoCorp, Bajaj Auto, are among losers in Sensex and Nifty.
Metal, Consumer Durables, IT, Teck indices are the gainers.
FMCG, Metal, PSU, Capital Goods , Realty, Oil and gas, Power indices are the losers.
The Cabinet Committee on Economic Affairs approved giving higher price for Reliance Industries Ltd. (RIL) for natural gas from April next, according to reports.According to the proposal, the bank guarantee will be encashed if it is proved that RIL hoarded gas or deliberately suppressed production at the Dhirubhai-1 and 3 (D1&D3) main gas fields in its eastern offshore KG-D6 block.
AstraZeneca announced an agreement under which AstraZeneca will acquire the entirety of Bristol-Myers Squibb’s interests in the companies’ diabetes alliance for an initial consideration of $2.7 billion on completion and up to $1.4 billion in regulatory, launch and sales-related payments.
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Commerce to continue export of sugar, without any quantitative restriction, in view of the surplus availability of sugar in the domestic market.
Japanese drug-maker Daiichi Sankyo has reportedly said it will help Ranbaxy Laboratories Ltd meet the US Food and Drug Administration’s (FDA) norms to overcome sanctions.
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