Mumbai: After a little bit of negativity in the last hour, the market ended on a positive note. The Nifty managed to end above 6500 at 6516, up 12.45 points. The Sensex was up 22.81 points at 21832.61.
Maruti hogged the limelight with a consistent 7 percent gain throughout the day. SBI, ITC, Coal India and Bajaj Auto were other gainers in the Sensex. Tata Motors was down 3 percent, while M&M, Wipro, Infosys and L&T were other losers in the Sensex.
Leading private insurer Reliance Life Insurance is targeting Rs 1,800 crore total new business premium in the current financial year, ending this month, and expects to continue a double-digit growth in the next fiscal along with full-year profitability. The company recorded 56 percent rise in its new business premium collection to Rs 1,424 crore during April-December period of 2013-14, from Rs 911 crore in the year-ago period. We have continued our growth momentum in the first three quarters of this fiscal and achieved robust growth in our new business premium income during April-December 2013-14 with a focus on traditional products, agent productivity and improved quality of business.
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