The benchmark BSE Sensex closed at 23,551, up 556 points, while the NSE Nifty closed at 7,014, up 155 points over the previous close. The INDIA VIX was down 1.6% at 37.10. It hit a day’s high of 39.30 and a low of 33.81. Cipla said it would invest $1.5 million to acquire a 14.6% stake in US-based Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer disease. The stock was down 1.26% to close at 387.
Kotak Securities has down-