[ad_1] Wall Street’s main indices ended with thin losses after choppy trading on Wednesday as energy stocks weighed in and investors digested Federal Reserve Chairman Jerome. PowellComment on the central bank’s objective of reducing inflation. After opening lower, major US indices erased losses following Powell’s testimony before a Senate committee, but then faded closer. Powell said irrigated It is “strongly committed” to easing inflation running at 40-year highs, while policymakers are not trying to cause a recession in the process. Investors are trying to assess how far the stock could…
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LIC: Anchor lock-in ends today may put pressure on LIC shares
[ad_1] Mumbai: shares of life insurance corporation () is likely to remain under pressure this week as the 30-day lock-in for anchor investors ends on Monday. The stock has fallen a quarter from its IPO price so far. Anchor investors, who collectively bought about 59.3 million shares Open for subscription IPO a day earlier at ₹949, can sell their shares in the open market from Monday. The stock fell over the past nine consecutive sessions – from ₹837 to ₹709.70 on Friday. Analysts are expecting further correction in the stock,…