[ad_1] New Delhi: The last week of June turned out to be a mixed one for the domestic equity markets as the benchmark indices ended marginally higher. weak rupee, The number of FIIs, fear of recession and inflationary pressures continued to weigh on sentiments. However, strong auto sales numbers and good GST collection in June lifted the sentiments. Benchmark indices – BSE Sensex and Nifty 50 – gained less than half a per cent each, while midcap and smallcap indices gained up to a per cent each. Among sectoral gainers,…
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LIC IPO: $17 billion loss puts LIC IPO among top money losers in Asia
[ad_1] A massive $17 billion drop in market value has made Life Insurance Corporation of India one of the biggest wealth destroyers in Asia’s initial public offerings this year. India’s biggest IPO of all time ranks second in terms of loss of market capitalization since listing, after a 29% drop since the beginning of May 17, according to data compiled by Bloomberg. The drop puts it just behind South Korea’s LG Energy Solutions Ltd., which saw its share price drop more than 30% for the first time since its initial…
Stock Market Analysis: Inflation figures, US Fed meeting among six key factors that could guide markets this week
[ad_1] Indian Equity Markets posted losses in the last five trading days, their first weekly loss in a month as rising crude oil prices and rising concerns over global monetary policy undermined risk appetite. The past week has been volatile for the stock markets as reserve Bank of India Given the rise in domestic inflation, announced a 50-basis-point rate hike and clearly indicated even tighter fiscal conditions ahead. Continued selling of domestic stocks by foreign portfolio investors also dragged down the headline index with BSE Sensex and Nifty 50 falling…