Stock Market Today: At a premium of about 270 points over the Nifty futures’ last close, the Gift Nifty is trading at 24,390 points while writing. An early lead for the Indian benchmark index is shown by the Gift Nifty trends. Within the 24,350 to 24,000 level high-low range, the Nifty 50 produced a reasonable negative candle with an upper shadow on the daily chart. The today’s opening of the Indian stock market benchmark indices, the Sensex and Nifty 50, is anticipated to be positive due to positive global market momentum.
Stock Market Today: Stocks in focus
LIC
The global Central Public sector life insurance business in India is called Life Insurance Corporation of India (LIC). As of March 2024, it ranked as both the largest insurance firm and the largest institutional investor in India, with total assets under administration of Rs 52.52 trillion (US$630 billion). Life Insurance Corp (LIC) announced on Thursday that its first quarter ending in June 2024 had a net profit of Rs 10,544 crore. From the Rs 9635 crore recorded in the same quarter previous year, this is a 9% increase.
Eicher Motors
Motorcycles and commercial vehicles are produced by the international automotive firm Eicher Motors Limited, located in India. The parent business of middleweight motorbike maker Royal Enfield is called Eicher. For the quarter that concluded on June 30, 2024, Eicher Motors reported a consolidated net profit of Rs 1,101.46 crore, a 20% increase from the previous year.
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