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Share Market Open Today: Weakness is being seen in the stock market today. The Sensex is trading at 60,701 with a fall of 104 points, while the Nifty is also seeing a weakness of 57 points. Right now she is doing business at 18,759. Let us tell you, the domestic stock market gained momentum for the second consecutive day on Thursday and the BSE Sensex closed with a gain of 142 points. Buying in information technology and financial stocks kept the market in the green, tracking a positive trend in global markets. The 30-share Sensex closed at 60,806.22 points, up 142.43 points, or 0.23 per cent, in volatile trade. During the trading, the Sensex went up to 60,863.63 in high and came down to 60,472.81 points in the bottom. The National Stock Exchange’s Nifty also gained 21.75 points, or 0.12 percent, to close at 17,893.45.
Sensex-30 stocks are also seeing a decline today.
LIC stock may increase today
There has been a tremendous jump in the profits of the Life Insurance Corporation of India (LIC). According to the information given by the company in the stock market, LIC’s net profit in the third quarter of the current financial year reached a tremendous jump of Rs 8,334.2 crore. It was Rs 235 crore in the same period a year ago. Experts say that the impact of LIC’s bumper earnings can be seen on the shares of the company. A good boom can be seen in the stocks. On Thursday, LIC shares closed at Rs 613.50, up marginally by Rs 3.25 (0.53%). In the July to September quarter, the insurance giant had reported a net profit of ₹15,952 crore. LIC had reported a net profit of Rs 682.9 crore in the April to June quarter. LIC’s net premium income for the quarter under review stood at Rs 1.11 lakh crore, up 14.5% from Rs 97,620 crore in the year-ago period.
Tomorrow, this announcement of Adani Group will affect the market today.
The time since the last week of January has been the worst for the Adani Group. Experts are sure that soon there will be a change and Adani Group shares will touch their height, where they were before January 24. In fact, the Adani Group plans to repay the outstanding $500 million bridge loan next month after some banks refused to refinance the loan following an onslaught of short sellers that hit the group hard. Barclays Plc, Standard Chartered Plc and Deutsche Bank AG were among the banks that gave Adani $4.5 billion in loans last year for the purchase of Holcim Ltd’s cement assets. A part of that loan is to be repaid on 9th March.
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