Sensex closed 73.61 points or 0.29 percent higher at 25715.17 points, while Nifty ended 20.30 points or 0.26 percent higher at 7684.20 points.
Meditab Specialities Private Limited (MSPL), a wholly owned subsidiary of Cipla Ltd has informed BSE regarding its acquisition of stake in Mabpharm Private Limited (Mabpharm).
On Friday, besides the Indian Rupee; BSE Sensex and NSE Nifty opened lower by 2.68 points and 10.2 points, after gaining for the third day on Thursday.
The Sensex opened at 25540.92 points versus its previous closing at 25549.72 points, while the Nifty recorded 7612.70 points versus its previous closing of 7624.40 points.
Apple and IBM announced a deal on Tuesday to release over 100 new exclusive mobile applications for the corporate world to target retail, healthcare, banking, travel, transportation and telecommunication sector.
Pharmaceutical company Mylan Inc announced the acquisition of Abbott Laboratories for $5.3 billion on Monday, in markets outside the United States, with an aim to cut their tax bill using tax inversion method.
On Tuesday, the broader Nifty and Sensex opened on bullish note by 37.15 points and 93.92 points after falling for previous four sessions due to sale of shares by foreign investors last week. According to Reuters report, the surge was attributed by June’s consumer inflation rate report; that slowed to a low of 7.31 percent ahead of the RBI’s policy review on 5 August.
BSE Sensex closed lower on Monday, after falling for previous four sessions as overseas investors turned sellers.
Bloomington-based Chestnut Global Partners (CGP), a provider of Employee Assistance Programs, announced a tie-up with Bangalore’s Leader Prospects last week.
Coal India on Friday started production at its newly opened coal mine in Jharkhand with an aim to boost electrical supply through power plants.