Sensex Today Ends 14 Points Higher | Nifty Holds 25,000 | Tata Investment Corporation 20%

Tue, 27 Aug Closing

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After opening the day on the flat, Indian benchmark indices stayed muted as the session progressed but ended the day flat.

Benchmark equity indices ended Tuesday's trading session on a flat note.

At the closing bell, the BSE Sensex stood higher by 14 points.

Meanwhile, the NSE Nifty closed higher by 7 points.

HDFC Life, Bajaj Finserv and Maruti Suzuki among the top gainers today.

Titan, HUL and Tata Motors on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,004 down 67 points at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.6% higher and BSE SmallCap index ended 0.5% higher.

Sectoral indices were trading mixed with socks in metal sector and FMCG sector witnesse selling pressure. Meanwhile the stocks in realty sector and telecom sector witnessing buying speer

Shares of Bajaj Auto, HDFC AMC and Gillette India hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.93 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 71,882 per 10 grams.

Meanwhile, silver prices were trading 0.2% lower at Rs 85,481 per 1 kg.

Speaking of the stock market, technical analysts are buzzing about this real estate stock, but is the fundamental analysis strong enough to justify a 10x return?

Co-head of Research at Equitymaster, Rahul Shah dives deep into the company's financials, growth prospects, and industry trends to find out.

Tune into below video for more

Why Zee Entertainment Share Price is Rising

In news from the media sector, Zee Entertainment Enterprises' share price jumped as much as 15% today (27 August) after the media firm said it had entered into an agreement to settle all disputes with Sony regarding the termination of the merger.

As part of the settlement, the companies (Zee and Sony Pictures India) have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the Singapore International Arbitration Centre, and all related legal proceedings initiated in the National Company Law Tribunal (NCLT) and other forums.

Earlier, in January this year, Sony Pictures India terminated a proposed US$ 10 bn merger deal with Zee Entertainment, calling off a December 2021 agreement.

Sony also sought a US$ 90 m termination fee on account of alleged breaches by Zee Entertainment of the terms of the merger agreement.

CDSL Settles SEBI Allegations

Moving on to news from the depository sector, Central Depository Services Ltd (CDSL) has paid Rs 13 million (m) to settle allegations of violations of the market regulator's directions.

A settlement order issued by the Securities and Exchange Board of India (Sebi) on August 27 stated that a settlement amount of Rs 13 m was recommended by the regulator's High Powered Advisory Committee (HPAC) and was approved by the Panel of Whole-time Members.

A showcase notice dated 13 November 2023, had been issued to the depository.

Pending adjudication proceedings, CDSL applied to settle the matter without admitting or denying the findings of facts and conclusions of law. The application was dated 11 January 2024.

LIC Jumps 3%. Here's Why

Moving on to news from the insurance sector, shares of India's largest insurer Life Insurance Corporation of India jumped more than 3% to Rs 1,089 on 27 August as reports suggested that it has reached out to the Insurance Regulatory Development Authority of India (IRDAI) seeking review of surrender value regulations.

LIC is seeking an increase in the interest rate assumption used to calculate surrender values and is also suggesting using a plan-based Government Securities (G-Sec) benchmark for this calculation.

Using a government securities (G-Sec) benchmark in the calculation of surrender values for life insurance policies may ensure that the surrender values reflect the true economic cost and value of the policy. G-Sec yields typically reflect the current interest rate environment and economic conditions.

Earlier this year, the IRDAI introduced new regulations for the surrender value of life insurance policies.

Under these updated rules, insurance companies are now required to pay a special surrender value after policyholders have completed the full premium payment for the first year.

This marks a shift from previous regulations, which provided no surrender value in the first year and began payments only after two years of premium payments.

The new surrender value will be 75-80% of the premiums paid, which is a significant increase from the previous 30%. These new regulations will come into effect on 1 October 2024.

LIC, in its Q1FY25 investor conference call, had expressed confidence in managing the impact of the new surrender value norms.

The management had outlined plans to develop higher ticket-size products with lower surrender value behaviour to minimise any impact on margins.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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