Stock Market Update: The domestic stock market is seeing a rally amid mixed global cues. In today’s trading, both the Sensex and Nifty indices are strong. Sensex has strengthened more than 300 points, while Nifty has crossed 17750.
There is a good buy in bank, auto and financial stocks. Auto index on Nifty has gained 1 per cent. Realty and FMCG indices are also up about 1 per cent.
However, metal indices are in the red. IT and Pharma indices are also in the green. At present, the Sensex is up by 335 points and is at the level of 59,797.71. Whereas Nifty is at the level of 1775 by selling 77 points. Buying in heavyweight stocks. 24 stocks of Sensex 30 are in green mark.
Global cues are looking mixed for the domestic stock market today. There is a mixed reaction in the major Asian markets in today’s trade. On Monday, the US markets have seen strength.
Brent crude has seen a decline again today. In the international market, crude is at $ 94 per barrel. At the same time, US crude is trading at $ 89 per barrel. The 10-year bond yield in the US is at 2.779 per cent.
The premium income of Life Insurance Corporation (LIC) has increased by 20.35 percent in the June quarter. Premium income for the June quarter stood at Rs 98,352 crore as against Rs 81,721 crore on an annual basis. The company’s profit for the June quarter stood at Rs 682.88 crore as against Rs 2.94 crore on a year-on-year basis.
LIC market share in individual first year premium income stood at 43.86 per cent for the June FY23 quarter. While the market share in group first year premium income stood at 76.43 per cent.
Also Read – Stock Market Update Today: Today’s Top Gainers
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