Tuesday, October 13
Mumbai: India's equity indices fell more than 1% on Tuesday, although the gauges recouped some losses through a choppy trading session marked by weak global cues and profit-booking in heavyweight sectors ahead of the monthly expiry. Analysts said the undertone remains bullish, despite Tuesday's slide.The NSE Nifty fell 0.7%, or 174.95 points, to finish at 24,826.20. The BSE Sensex moved 0.8%, or 624.82 points, lower at 81,551.63."The market was jittery amid global nervousness due to lack of clarity on Donald Trump's tariffs, and trade agreements. With the F&O expiry coming up, investors remained cautious," said Siddartha Khemka, Head of Retail Research, Motilal Oswal Financial Services.A lack of positive triggers at the tail end of the earnings season on the domestic front also caused
Mumbai: Life Insurance Corporation of India, the country's second-largest government asset by market capitalisation, on Tuesday reported a 38% increase in March quarter net profit at ₹19,013 crore due to increase in non-participating products and improvement in margins.During the corresponding period of the previous financial year, LIC reported a profit of ₹13,762 crore. The board of LIC, among the biggest domestic institutional investors in traded securities, has recommended a final dividend of ₹12 per share for FY25. Despite analyst expectations of a profit dip, LIC reported higher earnings as wage costs eased, since provisions for the wage revision were made last year, bringing the expense ratio down 315 bps to 12.42% in FY25 from 15.57% in FY24."After registering a very strong pe
Rishabh Pant, the most expensive player in IPL history, finally justified his hefty price tag by scoring a century in the final league game, though Lucknow Super Giants couldn't capitalize and fell short of a playoff spot. Delhi Capitals, despite a strong start under Axar Patel, lost their grip dramatically. Past champions Chennai Super Kings, Rajasthan Royals, and Kolkata Knight Riders failed to make a significant impact, while Sunrisers Hyderabad faltered throughout the season. This year’s league stage, which unfolded over a span of 67 days including a 10-day intermission, comprised 70 fixtures packed with extraordinary performances and disheartening slumps.As the playoffs draw near, here’s a detailed look back at the season so far:Emerging stars leave a mark:When Rajasthan Royals se
