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Indian shares are set to open higher on Thursday, as markets track a rebound in Asian peers, supported by sustained retail inflows ahead of the Reserve Bank of Indias monetary policy decision... -April 03, 2024 at 10:45 pm EDT - MarketScreener

BENGALURU: Indian shares are set to open higher on Thursday, as markets track a rebound in Asian peers, supported by...

LIC shares have risen 6% to Rs 972, surpassing IPO price. The 17% wage hike may cost shareholders Rs 4,000 crore yearly. Sebi has confirmed employee involvement in front-running case which will potentially impact stock price.

India Business News: The shares of Life Insurance Corporation of India (LIC) have bounced back impressively after recent declines, rising 6% to Rs 972 in the first session of FY25. This surge brought the stock above its IPO price of Rs 949, marking a strong recovery for India's largest insurer.

The unperturbed faith of retail investors, coupled with higher participation of both foreign investors and mutual funds led the strong performance and also drove the market capitalization.

To offset weak demand outside of metros and towns, companies are increasingly offering higher-quality but more expensive products

There seems to be a chance that the interest rate cuts by both the RBI and the Fed might be delayed further, says Sonam Srivastava.

Investors may choose a wait-and-watch strategy. Banking, finance and consumer durables are likely to profit from stable interest rates, while technology, healthcare, and utilities will be less affected, analysts said

Budget 2024: The interim budget focused mainly on fiscal consolidation with an increasing focus on sectors including infrastructure, railways, defence, green energy, tourism, agriculture, and EV.

Ahead of the budget, BSE Sensex jumped 399 points to its days high of 72,151.02 while Nifty advanced 107 points to 21,832.95. However, both benchmark indices shed over half a percent each from their intra-day highs after the announcement.