Stock Market LIVE: Sensex Gains Nearly 400 Points From Day's Low; Nifty Pares Losses As ICICI Bank Leads
Both the Nifty 50 and Sensex were down 0.17% and 0.16%, respectively, as of 2:43 p.m. Follow NDTV Profit's live blog for share price movements, earning news, and latest views from market experts
KEY HIGHLIGHTS
Stock Market LIVE: RBL Bank Not Exploring Opportunities That May Increase Sharehlder Value
RBL Bank is not aware of any information that requires disclosure. The bank is not exploring opportunities aimed at enhancing shareholder value.
RBL Bank clarified on report of Emirates NBD investment in bank.
Q2 Earnings LIVE Update: ICICI Prudential Reports Nearly 18% In Net Profit
ICICI Prudential Key Highlights (Consolidated, YoY)
Net Profit rose 17.9% to Rs 296 crore versus Rs 251 crore
Net Premium Income rose 10.1% to Rs 11,843 crore versus Rs 10,754 crore
13th Month Persistency Ratio At 82.4% Vs 82.5% (Cons, QoQ)
61st Month Persistency Ratio At 59.4% Vs 62.8% (Cons, QoQ)
Solvency Ratio At 213.2% Vs 212.3% (Cons, QoQ)
Track live updates on Q2 earnings update here.
Stock Market News: Great Eastern Shipping Takes Delivery of Kamsarmax
Great Eastern Shipping took delivery of Kamsarmax Dry Bulk Carrier 'Jag Anjali' of 81,922 dwt, the company said in the exchange filing.
Stock Market News: Cochin Shipyard Gets Order Above Rs 2,000 Crore
Cochin Shipyard Ltd. received order above Rs 2,000 crore for 6 feeder container vessels from a European client.
Why Are FIIs Avoiding India? Morgan Stanley's Ridham Desai Lists Three Reasons
The lack of an artificial intelligence trade could be one of the reasons why foreign institutional investors are currently not investing in India, according to Morgan Stanley's Chief Equity Strategist of India, Ridham Desai, who lists out three reasons why the overseas investors are underweight on the south Asian nation.
Desai pointed out how the lack of FII participation in India boils down to three key factors: valuation, AI, and competition.
