Maruti down 0.7%; the carmaker has voluntarily recalled 19,731 units of its EECO model
Yes Bank shares jump 10% after rating upgrade.
Maruti down 0.7%; the carmaker has voluntarily recalled 19,731 units of its EECO model
Nifty IT down 0.5%; Tech Mahindra, HCL Tech only gainers, TCS, Wipro down 1% each
Centre looking to launch LIC share sale by the end of April
Share Market LIVE: Sensex down 300 points; Nifty around 17,700; IT, banks lag
Yes Bank:::CARE said Yes Bank’s rating upgrade factors in the bank’s continued demonstration of stabilisation of operations and growth in business
Shares of Yes Bank jumped over 10%, hitting a 52-week high level of ₹16 apiece on the BSE in Thursday’s opening deals after rating agency CARE upgraded the bank’s ratings assigned to its debt instruments such as Infrastructure Bonds, Tier II Bonds among others.
The LIC IPO will be the largest in India, with millions of retail investors expected to invest. Though a final call is pending, the govt feels there is no point in waiting for a perfect time. The Centre may increase the stake it plans to sell through the IPO from 5% to 7.5%, Mint reported
The government is looking to launch the initial public offering (IPO) of Life Insurance Corp. of India Ltd (LIC) towards the end of April rather than May, according to senior officials aware of the matter.
The government is of the view that the market volatility has reduced, indicating more stability in the markets, and the Indian insurance market has been isolated from global factors such as rising oil prices, escalating raw material prices, and the Russia-Ukraine war, according to one of the officials mentioned above. “There is a concern of overseas investors, but there may never be a perfect time. Today, it’s the markets. Sometime later, may be, another covid wave. Something or the other will be happening, so we can’t keep on delaying,” the official said.
Sensex down 300 points; Nifty around 17,700; IT, banks lag
Stock Market Today:: Indices seen volatile ahead of RBI Policy Stock Market
Indian share indices saw a gap-down start on Thursday tracking global markets that fell after the release of minutes of the US Fed meeting
Indian shares fell for a third straight session on Thursday, as global sentiment soured after minutes of the US Fed’s last policy meeting pointed to aggressive rate hikes. Indian investors await the RBI’s policy decision on Friday amid expectations that the central bank might retain status quo on interest rates.
