Latest Stock Market News

The Nifty Auto index was trading 0.37 per cent down at 12770.75.

On the technical charts, the RSI of the stock stood at 50.75.

Ahead of Union Budget 2023, brokerage LKP Securities has selected some promising stocks, which have the strength and potential to yield decent returns. The brokerage firm believes stocks such as ITC, Power Finance Corporation, and Tata Power will provide good opportunities for the short term.

The stock traded at a P/E multiple of 96.28, while the price-to-book value ratio stood at 6.61.

ICICI Prudential Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 70055.77 Crore) operating in Financial Services sector.

A total of 1,023 shares changed hands on the counter till 10:15AM (IST).

The markets on Wednesday rallied and held on to their gains, to close the sessions on a positive note. The financial services stocks, which were recently in a sort of sleep mode, appear to be waking up.

On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.

Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.

Lower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset. Data on Wednesday showed U.S. producer prices fell more than expected in December, offering more evidence that inflation was receding. U.S. retail sales fell by the most in a year in December, putting consumer spending and the overall economy on a weaker growth path heading into