LIC gets RBI nod to increase HDFC Bank stake to 9.99 pc; stocks trade higher

LIC gets RBI nod to increase HDFC Bank stake to 9.99 pc; stocks trade higher

LIC shares gained around 1 per cent after the RBI approved the insurer's application to increase its stake in HDFC Bank to up to 9.99 per cent. LIC currently holds 4.11 per cent in the private lender. The approval gives LIC flexibility to raise its holding, subject to RBI, SEBI and other regulatory conditions. 5 hours ago
Sensex jumps 558 points, Nifty gains 147 points as Indian markets open higher

Sensex jumps 558 points, Nifty gains 147 points as Indian markets open higher

Indian equity benchmarks opened higher on Thursday, snapping a 12-session losing streak, as softer US bond yields and supportive global cues boosted risk appetite. The Sensex gained 558 points to 77,468, while the Nifty 50 rose 147 points to 24,225.45. IT, MidSmall IT & Telecom and Metal stocks led the gains. 5 hours ago