Sensex rallies 401 points on firm global cues, government
data; Yes Bank gains over 11%
Benchmark indices BSE Sensex and NSE Nifty gained over 1.5
per cent on Friday on account of buying in frontline blue chip stocks amid firm
global cues.
Benchmark indices BSE Sensex and NSE Nifty gained over 1.5
per cent on Friday on account of buying in frontline blue chip stocks amid firm
global cues. Sentiments improved further after a government report showed that
India’s fiscal deficit stood at Rs 4.88 lakh crore during April-December, or
87.9 percent of the full-year target, indicating a improvement in its finances.
The deficit was 100.2 percent of the full-year target during the same period a
year ago.
Sensex closed 401.12 points up at 24870.69, while Nifty
settled 138.90 points up at 7,563.
Wendt (India) has entered into agreement with Star Diamond
Tools (Star) for acquisition of their Diamond Dresser Tool business on slump
sale basis. The value of the transaction envisaged is approximately Rs 300 lakh
and the conclusion of the transaction is subject to fulfillment of certain
conditions in due course. Shares of Wendt were trading 1.09 per cent up at Rs
1805. Sensex was up 396 points at 24,866.
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