Sensex gains for 2nd day, ends 278 points up, Nifty50
settles at 7,489; Lupin, Vedanta surge
The BSE Sensex and NSE Nifty gained over 1 per cent on
Friday on account of buying in frontline blue chip stocks amid stabilisation of
crude oil prices. Buying in metal stocks too supported the sentiments on a
report of MIP notification.
The BSE Sensex and NSE Nifty gained over 1 per cent on
Friday on account of buying in frontline blue chip stocks amid stabilisation of
crude oil prices. Buying in metal stocks too supported the sentiments on a
report of MIP notification. Sensex closed 278.54 points up at 24616.97, while
Nifty 50 index settled 85.10 points up at 7,489.10.
Sensex was trading 314.88 points up at 24,653. Nifty was up
92.60 points at 7,496.
Mahindra Asset Management Company has received markets
regulator Sebi’s approval for setting up of mutual fund business. Mahindra AMC,
a wholly-owned subsidiary of Mahindra & Mahindra Financial Services, got
the regulator’s nod on February 4. Shares of Mahindra & Mahindra Financial
Services were trading 0.80 per cent down at Rs 199.40. Sensex was up 272 points
at 24,611.
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