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Sensex soars 1,345pts, Nifty tops 16,250; LIC ends 8% down at Rs 875 on BSE

CLOSING BELL: Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share

Image SI Reporter New Delhi
BSE, stock market, bull

Photo: Bloomberg

9:32 AM

Bharti Airtel gains ahead of Q4 results

9:29 AM

Opening bell: Cipla, Tata Consumer, Sun Pharma top Nifty 50 losers

9:26 AM

Opening bell: Hindalco, ONGC, Tata Steel top Nifty 50 gainers

9:23 AM

Opening bell: Broader markets firm; India Vix slips 4%

9:21 AM

Opening bell: All sectors off to a positive start; metal stocks shine

9:20 AM

Opening bell: Only 8 Sensex stocks sulk in red

9:18 AM

Opening bell: Sensex advances over 300 points higher

9:18 AM

Opening bell: Nifty 50 opens above 15,900 levels

9:09 AM

Sensex heatmap at pre-open session

9:07 AM

Pre-open session: Sensex gains over 400 points

9:05 AM

Pre-open session: Nifty 50 moves above 15,900 levels

9:04 AM

Currency update: Rupee strengthens 11 paise; opens at 77.71/$

source: bloomberg
9:00 AM

Stocks on investor radar today: LIC, IndiGo, GSK Pharma, Max Health, PSUs, Bharat Forge

LIC: The state-owned insurance giant will get listed on the bourses today. Shares of LIC were trading at a discount of Rs 15-20 a piece over its issue price of Rs 949 in the grey market ahead of its listing. 
 
PSU and Insurance stocks: Shares of PSUs and insurance companies will also be in focus ahead of LIC’s listing today.
 
IndiGo: The aviation regulator DGCA has found the company’s handling of a special child inappropriate. The firm said it got DGCA communications on handling of special child at Ranchi Airport. DGCA will issue a show-cause notice to Indigo to explain. Read here

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

 
8:57 AM

WATCH BS SPECIAL: Is Ambuja Cement & ACC merger on the cards after Adani’s Holcim deal?

Shares of ACC and Ambuja Cements soared up to 4% in yesterday’s trade after the Holcim Adani deal. Analysts believe the Adani Group may merge both these entities over the medium term. Watch here

Ambuja Cements
8:54 AM

Analysts cut target prices on SBI stock as lender misses Q4 estimates

SBI Q4 result review: Global brokerage Nomura has cut the lender's target from Rs 650 to Rs 610 as it reported flat net interest margin (NIM) of 3.15 per cent. Read more

SBI
SBI

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First Published: May 17 2022 | 8:21 AM IST