SGX Nifty indicates firm opening
Published on Mar 27, 2023 08:46
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 85 points at the opening bell.
As per reports, Life Insurance Corporation of India (LIC) plans to invest a record Rs 2.4 lakh crore across markets, including shares of locally traded companies, in 2023-24. Around 35 per cent of the total investment, or up to Rs 85,000 crore, could be allocated in shares of domestic listed companies.
Overseas, Asian stocks are trading mixed on Monday as investors continue to assess the impact of the banking troubles in the U.S and Europe.
US stocks closed higher on Friday, marking the end of a tumultuous week as Federal Reserve officials calmed investor fears over a potential liquidity crisis in the banking sector.
Back home, the frontline equity barometers ended a volatile session with steep losses on Friday. The barometer index, the S&P BSE Sensex declined 398.18 points or 0.69% to 57,527.10. The Nifty 50 index shed 131.85 points or 0.77% to 16,945.05.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,720.44 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,555.53 crore in the Indian equity market on 24 March, provisional data showed.
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