Stock markets snapped their five-day winning run on Tuesday amid weak global cues. The 30-share Sensex dropped 199 points to settle at 73,128 and Nifty closed lower by 65 points at 22,032. Stocks that were in focus included names like RIL, which fell 1.49%, LIC, which rose 4.5%, and Angel One, whose shares declined 13.5% … Read more
Shares of Life Insurance Corporation (LIC) jumped nearly 5% and hit a 52-week high of Rs 895 on Tuesday. With today’s rally, the stock of this state-run life insurer also crossed its listing price of Rs 867 for the first time. LIC shares were listed on May 17, 2022, at a discount of 8.6% to … Read more
The Indian market could consolidate at higher levels on Thursday amid the December F&O expiry. The Nifty future closed positive with gains of 1.01% at 21690 levels on Wednesday. India VIX was up by 5.98% from 14.68 to 15.55 levels. Volatility steamed to higher zones but created some momentum at lifetime highs. Positive setup was … Read more
LIC shares on Friday rallied 7.2% to hit a fresh 52-week high of Rs 820 on BSE after the Finance Ministry granted an extension to the PSU insurer for complying with 25% minimum public shareholding (MPS) norms till 2032. Sebi rules mandate all listed companies to maintain 25% public float but newly-listed companies are granted … Read more
