LIVE MARKET TRACKER :   BSE SENSEX   26638.11      |    NSE NIFTY 7954.35    
GLOBAL MARKETS :  NASDAQ 4572.846   +0.33%    |    FSI London 6819.75   +0.20%    |    NIKKEI Japan 15424.59   -0.23%
  USD GBP EUR CAD AUD INR
USD - 0.6033 0.7609 1.0868 1.0713 60.64
GBP 1.6577 - 1.2614 1.8016 1.7758 100.5223
EUR 1.3144 0.793 - 1.4284 1.408 79.7034
CAD 0.9202 0.5552 0.7002 - 0.9858 55.8015
AUD 0.9337 0.5634 0.7105 1.0148 - 56.6214
INR 0.0165 0.01 0.0126 0.0179 0.0177 -
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
M&M, Hero MotoCorp and Tech Mahindra to see some action today
(27-Aug-2014)

M&M, Hero MotoCorp and Tech Mahindra to see some action todayMahindra Agribusiness, part of the farm to aerospace conglomerate Mahindra & Mahindra (M&M), is all set to enter the dairy segment through the inorganic route, with a focus on the pouched......click on news to read complete article.

RIL, SAIL and Tata Steel to see some action today
(21-Aug-2014)

RIL, SAIL and Tata Steel to see some action todayReliance Industries (RIL) is implementing a project to import 1.5 million tonnes of ethane to feed its crackers in India, taking advantage of the US shale gas revolution. The project will significantly......click on news to read complete article.

RBI's chief hopes record foreign exchange to act as cushion against rupee volatility
(12-Aug-2014)

RBIReserve Bank of India's governor, Raghuram Rajan has expressed hopes that record foreign exchange reserves would act as a cushion against rupee volatility when global interest rates begin to climb. He......click on news to read complete article.

International Stock News
US markets closed mostly up; S&P holds 2,000 mark
(28-Aug-2014)

US markets closed mostly up; S&P holds 2,000 markThe US markets closed mostly higher on Wednesday, with the S&P 500 staying around 2,000 a day after it closed over that milestone. Global markets are surmounting crises in Ukraine, the Gaza Strip......click on news to read complete article.

US markets gain; S&P close above 2,000 for the first time
(27-Aug-2014)

US markets gain; S&P close above 2,000 for the first timeThe US markets closed higher on Tuesday, with the S&P 500 notching it's first-ever finish above the milestone level of 2,000. A stronger-than-expected reading on consumer confidence provided a......click on news to read complete article.

US markets gain; S&P jumps to record close
(26-Aug-2014)

US markets gain; S&P jumps to record closeThe US markets closed higher on Monday, with the S&P 500 climbing to a record close just shy of 2,000, as stocks received a lift from deal activity and hints of more stimulus from the European......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.