Market News
Stay updated with the latest market trends, earnings, and economic indicators.
LIC profit rises 23% in March quarter on all-round show
Life Insurance Corp announced a strong March quarter profit, up 23% to ₹23,467 crore. This growth was fueled by increased premiums and investment income. For the full year, profit after tax rose 19%. The company anticipates geopolitical tensions may affect savings flows. LIC is focusing on protection products and expects continued double-digit growth in new business premiums.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
PMJJBY disbursed Rs 17,600 crore to families since launch in 2015: LIC
The Pradhan Mantri Jeevan Jyoti Bima Yojana is vital for the government's 'Insurance for All by 2047' goal. Launched in 2015, it offers life cover of Rs 2 lakh for an annual premium of Rs 436. The scheme has enrolled over 27 crore individuals and disbursed Rs 17,600 crore in claims.
LIC’s $2 billion contrarian bet: 10 stocks the DII giant bought while the market bled
Life Insurance Corporation of India invested nearly $2 billion in 10 stocks during the March quarter's market fall. LIC bought shares in companies like Bajaj Finance, Bharti Airtel, TCS, and Infosys even as their prices dropped. This strategic move saw LIC increase its stake in several companies. The insurer also reduced holdings in other stocks, showing a selective approach.
Coforge among 6 F&O stocks with a sharp rise in futures open interest
Six stocks in the NSE F&O segment recorded a sharp rise in futures open interest on May 6, signalling increased trader participation and fresh positioning. Larsen & Toubro, HDFC Life Insurance, Amber Enterprises, Nippon Life India Asset Management, Coforge and Godfrey Phillips India saw open interest rise over 10%.
Q4 Results Live Updates: Oracle Financial Declares Bumper Dividend Of Rs 270/Share As Profit, Revenue Jump
SBI Life Insurance Co., Trent Ltd., Tech Mahindra Ltd., L&T Technology Services Ltd. and Havells India Ltd. are among companies reporting earnings on Wednesday, April 22.
Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro among 42 companies to report
Dalal Street will be tracking results for the fourth quarter from 42 firms between April 13 and 18. Key names include Wipro, HDFC Bank, ICICI Bank, HDFC Life, ICICI Lombard, ICICI Prudential AMC and HDB Financial Services. Wipro will also be considering a share buyback this week with its results.
Shareholder Lock-in: Urban Company, ICICI Prudential AMC among cos to become eligible for trading this week
More than 100 crore shares across nine recently listed companies are set to become eligible for trading this week as their respective shareholder lock-in periods expire. Among the companies where shares will become tradable are Urban Company, ICICI Prudential Asset Management Co, Aye Finance, and Fractal Analytics, though the expiry of the lock-in does not necessarily mean that all eligible shares will be sold in the open market.
All 29 analysts covering this stock have a 'buy' rating on it and JPMorgan joins the list
JPMorgan said India's life insurance sector is turning the corner with GST exemption driving a strong uptick in retail protection.
Silver ETFs tumble up to 9%; gold funds slide as global correction hits domestic trade
Gold and silver ETFs dropped sharply on March 4, with ICICI Prudential Silver ETF falling 7.3% and Tata Silver ETF over 7%. Gold ETFs also declined, with ICICI Prudential Gold ETF down nearly 4%.
Gold, silver ETFs climb up to 7%: What’s behind the surge
Tata Silver ETF surged over 7% as ICICI Prudential Silver ETF, SBI Silver ETF, and Nippon India Silver ETF rose 6% amid West Asia tensions and US-Israel strikes on Iran.
Sensex Today | Stock Market Live: Sensex slips 470 pts, Nifty below 24,150; Max Healthcare, JSW Steel, SBI Life top losers
Sensex Today | Stock Market LIVE Updates: Nifty Midcap index up 0.2% and Smallcap indices up 0.7%. Among sectors, metal, media, realty, oil & gas, power up 0.5-1% each. Adani Ports, Interglobe Aviation, Wipro, NTPC and Hindalco are among major gainers on the Nifty, while losers are Tata Consumer, Max Healthcare, JSW Steel, SBI Life Insurance, Axis Bank.