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On the technical charts, the 200-day moving average of the stock stood at Rs 2283.91.

At its May meeting, the Reserve Bank of Australia (RBA) considered hiking interest rates by 40 basis points but decided to move by 25 basis points to 0.35% in an attempt to mark a return to "normal operating procedures".

The Relative Strength Index of the stock stood at 18.72 on Tuesday.

“A lot of LIC’s movement itself or stock price itself will also be determined by how equity markets behave. I have maintained that LIC was fairly valued at Rs 950. Going forward, I do not want to put a number to when it becomes an absolute buy, but a lot of it depends on how the management communicates, what sort of additional information disclosures they are able to give and how they are able to grow their sales and margin numbers.”

“At a broader level, given that we have seen a reasonable move up in rates and it is quite likely that directionally it (rates) is probably headed up, over the next seven or eight months or remaining part of the financial year, one should look at a staggered approach towards adding a bit of duration on the portfolio.”

According to multiple media reports, the capital markets regulator said public personalities could be held accountable if crypto ads are found to be violating regulations.

"Banks are, in my book, never a safe bet and always a risky sector. It is a highly leveraged sector which is why I rarely like it. Even in 2020, it was the only major sector in the red in a market which was so buoyant. In 2021, it was not in the red, but went up only half as much as the market," Devina Mehra, Chairperson and MD, First Global, says.

“People have bought insurance in the past more for savings rather than for insurance cover. Now that is changing and a lot of youngsters believe that term is the right product to take and we have seen a lot of uptick in our term products. So product mix going forward will change and change very fast.”

Promoters held 48.04 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 26.88 per cent and 11.47 per cent, respectively.

For the uninitiated, bond prices fall when interest rates go up. Thus, in the scenario of interest rates going up, a short position in the bond markets provides attractive money-making opportunities. The current consensus believes that the market will see persistent inflation moving forward, which in turn, will impact the economic growth rates around the world.