Stock market open today: Weakness is being seen in the stock market today. The Sensex is trading at 60,701 with a drop of 104 points, while the Nifty is also down 57 points. Right now she is doing business at 18,759. We tell you, the national stock market gained momentum this Thursday for the second day in a row and the BSE Sensex closed with a gain of 142 points. The purchase of financial and information technology stocks kept the market in the green, following a positive trend in global markets. The 30-stock Sensex closed at 60,806.22 points, up 142.43 points, or 0.23 percent, in volatile trading. During trading, the Sensex rose to 60,863.63 at the high and fell to 60,472.81 at the low. National Stock Exchange Nifty also gained 21.75 points, or 0.12 percent, to close at 17,893.45.
Sensex-30 shares are also experiencing a drop today.
There has been a tremendous jump in the earnings of Life Insurance Corporation of India (LIC). According to the information provided by the company in the stock market, the net profit of LIC in the third quarter of the current fiscal year reached a tremendous jump of Rs 8,334.2 crore. It was Rs 235 crore in the same period a year ago. Experts say the impact of LIC’s extraordinary earnings can be seen in the company’s stock. There is a good boom in the shares. On Thursday, LIC shares closed at Rs 613.50, up marginally by Rs 3.25 (0.53%). In the July-September quarter, the insurance giant had reported a net profit of Rs 15,952 crore. LIC had reported a net profit of Rs 682.9 crore in the April-June quarter. LIC’s net premium income for the quarter under review stood at Rs 1.11 lakh crore, up 14.5% from Rs 97,620 crore for the same period of the previous year.
Tomorrow this Adani Group announcement will affect the current market.
The weather since the last week of January has been the worst for the Adani Group. Experts are sure that there will be a change soon and the shares of the Adani Group will touch their height, where they were before January 24. In fact, the Adani Group plans to pay off the outstanding $500 million bridge loan next month after some banks refused to refinance the loan following a spate of short sellers that hit the group hard. Barclays Plc, Standard Chartered Plc and Deutsche Bank AG were among the banks that gave Adani $4.5bn in loans last year for the purchase of Holcim Ltd’s cement assets. A portion of that loan is due to be repaid on March 9.
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