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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 India's 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.