HDFC Life (+2.90%) is the top Nifty 50 gainer with 3% gain.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
With this acquisition, M & M's stake in M.I.T.R.A is now 100%.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.
To achieve the investment objective, the scheme will follow passive investment strategy with investments in stocks in the same proportion as in Nifty Smallcap 50 Index.
Swiss Central Bank to offer $100 billion credit line to UBS, as part of the deal.
Sensex added nearly 600 points in early morning trade tracking a rebound in global equities.