LIVE MARKET TRACKER :   BSE SENSEX   25894.97      |    NSE NIFTY 7721.30    
GLOBAL MARKETS :  NASDAQ 4369.773   -2.09%    |    FSI London 6730.11   -0.64%    |    NIKKEI Japan 15574.34   -0.30%
  USD GBP EUR CAD AUD INR
USD - 0.5925 0.7471 1.0912 1.0765 60.63
GBP 1.688 - 1.261 1.8419 1.8171 102.3404
EUR 1.3386 0.7931 - 1.4606 1.441 81.1569
CAD 0.9165 0.543 0.6847 - 0.9866 55.5673
AUD 0.9292 0.5506 0.6942 1.014 - 56.3398
INR 0.0165 0.0098 0.0123 0.018 0.0178 -
Indian-Commodity  :  Equity & Shares  :  LIC Housing Finance trades higher on the bourses

LIC Housing Finance trades higher on the bourses (30-Jan-2013)

LIC Housing Finance is currently trading at Rs. 285.65, up by 0.45 points or 0.16% from its previous closing of Rs. 285.20 on the BSE.

The scrip opened at Rs. 288.90 and has touched a high and low of Rs. 288.95 and Rs. 284.60 respectively. So far 44702 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 300.00 on 02-Jan-2013 and a 52 week low of Rs. 228.30 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 290.15 and Rs. 272.05 respectively. The current market cap of the company is Rs. 14509.06 crore.

The promoters holding in the company stood at 40.31% while Institutions and Non-Institutions held 45.64% and 13.90% respectively.

Barely hours after RBI lowered short-term interest rate by 0.25 percent, LIC Housing Finance, hinted at the possibility of reducing lending rates on home loans. At present, LIC Housing Finance's interest rate on home loans stands at 10.25% per annum while its Prime Lending Rate (PLR) is 14.4%.

To support an economy set for its slowest growth in a decade, Reserve  Bank of India (RBI), in 'Third Quarter Review of Monetary Policy 2012-13', went ahead and slashed  repo rate by 25 basis points to 7.75 per cent against 8 per cent earlier. What came as a pleasant surprise to the street, was the reduction in cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per cent to 4.0 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning February 9, 2013, a move that would release around Rs 18,000 crore of primary liquidity into the banking system.

LIC holds 40.31% stake in LIC Housing Finance while, institutional investors, both foreign and domestic together, are holding 41.47% shares, others hold 18.22% share.


Top News Today
Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens too
(15-Jul-2014)

Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens tooIn yet another encouraging development after four month low headline inflation numbers, provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) softened to 29......click on news to read complete article.

Tata Motors, Infosys and Suzlon to see some action today
(11-Jul-2014)

Tata Motors, Infosys and Suzlon to see some action todayTata Motors-owned luxury car maker Jaguar Land Rover (JLR) has registered its strongest ever half-year sales in 2014 selling over 240,000 vehicles. The UK-based auto major sold 240,372 cars between January......click on news to read complete article.

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyed
(08-Jul-2014)

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyedHaving done a pre-Budget hike of 14.2% in passenger fares and raising freight rates, Railway Minister Sadananda Gowda's will present his maiden Rail Budget amidst expectation of big ticket announcements,......click on news to read complete article.

International Stock News
US markets closed mostly up; Dow ends in red
(31-Jul-2014)

US markets closed mostly up; Dow ends in redThe US markets finished a choppy session mixed on Wednesday, as the Federal Reserve appeared to soothe fears that it might start raising interest rates sooner than anticipated. The Federal Reserve stated......click on news to read complete article.

US markets closed lower on sanctions against Russia
(30-Jul-2014)

US markets closed lower on sanctions against RussiaThe US markets closed lower on Tuesday, as investors turned cautious after the European Union and the President Barack Obama announced a new round of sanctions against Russia for its role in Ukraine's......click on news to read complete article.

US markets closed in red on weak earnings
(26-Jul-2014)

US markets closed in red on weak earningsThe US markets closed in the red on Friday, as traders reacted negatively to the latest batch of earnings news from Amazon and Visa. Amazon closed the day down 10%, losing more than $15 billion in shareholder......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.