News Arena

Join us

Home
/

lic-acquires-idfc-first-stake-sensex-hits-80-000

Economy

LIC acquires IDFC first stake, Sensex hits 80,000

Top gainers of the day included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the flip side, the day's laggards were HDFC Bank, Bajaj Finance, Adani Entertainment, Wipro, and Tech Mahindra. Sectoral indices showed a mixed performance. Financial services, FMCG, media, and metal ended the day in red. 

News Arena Network - Mumbai - UPDATED: July 4, 2024, 04:06 AM - 2 mins read

In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory.

LIC acquires IDFC first stake, Sensex hits 80,000


In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory.

 

The Sensex closed above the 80,000-mark, finishing at 80,049.67 points, up by 0.08%. Similarly, the Nifty closed at 24,302.15 points, marking an increase of 0.06%.

 

Among broad market indices, all ended in green except for India VIX and Smallcap 50, which closed in red.

 

In corporate news, the Life Insurance Corporation of India (LIC) announced to the NSE that it has acquired a 2.68% stake in IDFC First Bank through a private placement, thereby increasing its stake in the private bank. LIC's stock closed at ₹1,010.34, up by 2.24%.

 

Top gainers of the day included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the flip side, the day's laggards were HDFC Bank, Bajaj Finance, Adani Entertainment, Wipro, and Tech Mahindra.

 

Sectoral indices showed a mixed performance. Financial services, FMCG, media, and metal ended the day in red. 

 

Conversely, the pharma sector gained 1.39%, healthcare increased by 1.28%, and mid-small healthcare rose by 1.25%, ending the day in green.

 

Related News
Representational Image.

Northern India coal crisis: Power plants struggling

July 13, 2024, 03:10 AM - 5 mins read

The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said.

Govt mulls handing over MTNL operations to BSNL

July 13, 2024, 02:35 AM - 3 mins read

The Bombay Stock Exchange.

SEBI recognises BSE as supervisor body for analysts

July 12, 2024, 10:23 PM - 2 mins read

Forex Reserves In India Soar To Unprecedented 657.2 Billion.

India's forex reserves hit record high of $657.2 bn

July 12, 2024, 08:25 AM - 3 mins read

In a strong finish to the week, the Nifty index ended Friday's session 186 points higher, closing above the 24,500-mark. This marked the sixth consecutive week of gains for the index, underscoring a bullish sentiment in the market.

Nifty ends sixth week of gains, up by 186 points

July 12, 2024, 06:53 AM - 1 min read

Tata Power-led power distribution companies (Discoms) have invested Rs 4,245 crore in infrastructure expansion and network upgrades in Odisha over the past 3-4 years, the company announced on Friday.

Tata Power discoms invest ₹4,245 Cr in Odisha

July 12, 2024, 02:43 AM - 2 mins read

Shares of Tata Consultancy Services (TCS) surged over 3% on Friday after the IT giant reported an 8.7% growth in net profit for the June quarter, amounting to Rs 12,040 crore.

TCS shares surge over 3% following strong Q1 results

July 12, 2024, 12:20 AM - 2 mins read

PM Modi And Finance Minister Nirmala Sitharaman Engages Economists Ahead of Budget Announcement.

PM Modi meets economists for input on upcoming Budget

July 11, 2024, 09:31 AM - 3 mins read

In a day of volatile trading, India's benchmark indices Nifty and Sensex ended the session flat as investors booked partial profits. The Nifty closed at 24,316, down 0.03 percent, while the Sensex also shed 0.03 percent to end at 79,897

IT index leads as Nifty, Sensex end flat

July 11, 2024, 05:07 AM - 2 mins read

https://www.instagram.com/thelaughclubofficial/
https://www.instagram.com/burraahhh_/

Economy

See All
Representational Image.

Northern India coal crisis: Power plants struggling

July 13, 2024, 02:48 AM - 5 mins read

A shortfall has left power plants with coal stocks significantly below the required levels. Some of the thermal power plants in Punjab currently have only four days of coal stock, while plants in Rajasthan are operating with less than five days of reserves.

Read more
The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said.

Govt mulls handing over MTNL operations to BSNL

July 13, 2024, 02:35 AM - 3 mins read

The source said the option of handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd (BSNL) through an agreement is being looked into.  The source said that given MTNL's high debt, a merger with BSNL was not a favourable option.

Read more

USISPF urges Sitharaman for stable & predictable tax environment

July 12, 2024, 10:31 PM - 4 mins read

The US-India Tax Forum, a dedicated Tax Policy Forum of the US-India Strategic Partnership Forum (USISPF), said this in a set of recommendations to Sitharaman.

Read more
The Bombay Stock Exchange.

SEBI recognises BSE as supervisor body for analysts

July 12, 2024, 10:23 PM - 2 mins read

Sebi said, "BSE Ltd has been granted recognition under regulation 14 of the RA regulations and IA Regulations for administration and supervision of Research Analysts (RAs) and Investment Advisers (IAs) respectively as (RAASB) and (IAASB) for a period of five years starting from July 25, 2024".

Read more
Forex Reserves In India Soar To Unprecedented 657.2 Billion.

India's forex reserves hit record high of $657.2 bn

July 12, 2024, 08:25 AM - 3 mins read

India's foreign exchange reserves have surged to a lifetime high of $657.2 billion, as per data released by the Reserve Bank of India (RBI) on Friday. This marks a significant increase of $5.16 billion during the week ending July 5. The jump in reserves follows a brief contraction of $1.71 billion the previous week, bringing the total to $652 billion by June 28. The current surge indicates a resumption of the upward trend seen in preceding weeks.

Read more
In a strong finish to the week, the Nifty index ended Friday's session 186 points higher, closing above the 24,500-mark. This marked the sixth consecutive week of gains for the index, underscoring a bullish sentiment in the market.

Nifty ends sixth week of gains, up by 186 points

July 12, 2024, 06:53 AM - 1 min read

In a strong finish to the week, the Nifty index ended Friday's session 186 points higher, closing above the 24,500-mark. This marked the sixth consecutive week of gains for the index, underscoring a bullish sentiment in the market.

Read more
India would be sending over 100 athletes to Paris Games starting July 26, featuring its largest-ever shooting team with 21 qualifiers.

Airbnb reports 30% surge in Indian bookings for Paris Games

July 12, 2024, 03:32 AM - 4 mins read

According to Airbnb, Indian travellers are not only focusing on Paris but also exploring locations across France such as Nice, Aubervilliers, Colombes, and Saint-Ouen-sur-Seine.

Read more
Tata Power-led power distribution companies (Discoms) have invested Rs 4,245 crore in infrastructure expansion and network upgrades in Odisha over the past 3-4 years, the company announced on Friday.

Tata Power discoms invest ₹4,245 Cr in Odisha

July 12, 2024, 02:43 AM - 2 mins read

A significant portion of the total investment, amounting to Rs 1,232 crore, has been allocated through various government-backed schemes. This funding has facilitated the laying of 2,177 circuit kilometres. Additionally, 30,230 distribution transformers have been added to enhance the reliability of the distribution network in both rural and urban areas.

Read more
A delegation from the Royal Government of Bhutan, led by Mr. Gem Tshering, Minister of Energy and Natural Resources, met with Shri Kirti Vardhan Singh, Union Minister of State for Environment, Forest, and Climate Change, to discuss various environmental issues.

Bhutan, India boost ties on environment, climate change

July 12, 2024, 01:07 AM - 1 min read

During the discussions, Mr. Tshering highlighted Bhutan's successful hosting of the Sustainable Finance for Tiger Landscape Conference in April 2024 in Paro. He also emphasized Bhutan's status as a carbon-negative country, with the majority of its energy derived from hydropower.

Read more
Shares of Tata Consultancy Services (TCS) surged over 3% on Friday after the IT giant reported an 8.7% growth in net profit for the June quarter, amounting to Rs 12,040 crore.

TCS shares surge over 3% following strong Q1 results

July 12, 2024, 12:20 AM - 2 mins read

On the Bombay Stock Exchange (BSE), TCS stock climbed by 3.10%, reaching Rs 4,044.35. Similarly, at the National Stock Exchange (NSE), the stock rose by 3% to Rs 4,044.90. This robust performance boosted the company's market valuation by Rs 40,359.77 crore, bringing it to Rs 14,59,626.96 crore during morning trading sessions. TCS emerged as the biggest gainer among the Sensex pack.

Read more
PM Modi And Finance Minister Nirmala Sitharaman Engages Economists Ahead of Budget Announcement.

PM Modi meets economists for input on upcoming Budget

July 11, 2024, 09:31 AM - 3 mins read

On July 11, Prime Minister Narendra Modi met with top economists to gather insights and ideas for the upcoming Budget for 2024-25. This crucial meeting aimed at defining the financial roadmap for the Modi 3.0 government was also attended by Union Finance Minister Nirmala Sitharaman, who will present the Budget in the Lok Sabha on July 23.

Read more
In a day of volatile trading, India's benchmark indices Nifty and Sensex ended the session flat as investors booked partial profits. The Nifty closed at 24,316, down 0.03 percent, while the Sensex also shed 0.03 percent to end at 79,897

IT index leads as Nifty, Sensex end flat

July 11, 2024, 05:07 AM - 2 mins read

In a day of volatile trading, India's benchmark indices Nifty and Sensex ended the session flat as investors booked partial profits. The Nifty closed at 24,316, down 0.03 percent, while the Sensex also shed 0.03 percent to end at 79,897.

Read more

TOP CATEGORIES

  • Nation

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2024 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory