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The Nifty Pharma index was trading 0.64 per cent up at 12673.65.

The Nifty Realty index closed 1.47 per cent up at 455.45.

As part of the new framework, asset management companies (AMCs) will have to make scheme-wise disclosure of investments, as on the last day of each quarter, in securities of such entities that are excluded from the definition of "associate", the Securities and Exchange Board of India (Sebi) said in a circular.

Time period given by analyst is one year when Star Health and Allied Insurance Company Ltd. price can reach defined target.

“We need to provide more jobs to our people, the quality of the jobs is very poor but beyond that, I cannot say anything. Yes, there are signs of recovery. How good that recovery will be or whether it could be sustained, depends on a whole lot of imponderables. At the moment, I reserve my judgment on the health of the Indian economy.”

“I would agree that there are opportunities in auto, auto ancillaries. Maruti, M&M are very well placed for the next one or two years. The CV cycle is going through slight sluggishness and that is something we need to watch. After that plays out, maybe Ashok Leyland could give opportunities. In auto ancillaries, I like Apollo Tyres and Bharat Forge.”

The global cryptocurrency market cap was trading marginally higher at the $1.04 trillion mark, rising less than a per cent in the last 24 hours. However, the total trading volume dropped more than 2 per cent close to $63.98 billion.

ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 66632.47 Crore) operating in Engineering sector.

“Since we are conservative, India will never be able to grow as quickly as a high debt fuelled growth country like China but we all know debt can have its own problems and that is exactly where the Chinese economy is when their leverage in the housing market is coming to haunt them. ”

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 129762.10 Crore) operating in Financial Services sector.