Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 were staring at a negative start on Monday, as suggested by trends on SGX Nifty in early trade
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a negative start on Monday, as suggested by trends on SGX Nifty in early trade. Nifty futures were trading 110 points or 0.64 per cent down at 17170 on Singaporean Exchange. In the previous week, S&P BSE Sensex ended 54 points or 0.1% lower at 57,833 levels, while the Nifty50 settled at 17,276, down 28 points or 0.16%. Globally, Asian peers were seen trading mixed. Japan’s Nikkei 225 shed 0.41%, while the Topix index dipped 0.36%. Wall Street ended lower on Friday on Russia-Ukraine tensions. The Dow Jones Industrial Average fell 0.68%, while the S&P 500 lost 0.72%, and the Nasdaq Composite dropped 1.23%.
Life Insurance Corporation (LIC) IPO is likely to weigh on the performance of listed private insurance players. Insurance stocks, which have been under-performing the market so far this year, are unlikely to turn the corner as LIC’s IPO could result in supply of close to 60% free float market cap of existing large players. The government is looking to dilute 5% stake in the insurance behemoth at a valuation of Rs 10-15 lakh crore. The issue will fetch anywhere between Rs 50,000 crore and Rs 75,000 crore to the government.
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