In 2025, LIC’s equity portfolio suffered a staggering Rs 1.45 lakh crore loss, dropping from Rs 14.9 lakh crore to Rs 13.4 lakh crore amid a significant market crash, particularly impacting small and mid-cap stocks. Major contributors to this decline include ITC, TCS, and Infosys, alongside substantial losses in banking stocks like SBI and ICICI Bank. Despite some positive performances from select investments, ongoing market volatility raises concerns about further losses and the effectiveness of LIC’s investment strategy.
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0 in Finance and 0 in Crypto last week
Ethereum Faces Supply Inflation Amid Hopes for Price Surge to 20000
Ethereum prices have dropped over 11% in the past week, with the supply returning to pre-merge levels due to low demand, leading to inflationary pressures. Despite this, some analysts remain optimistic, predicting potential price targets of $8,000 to $20,000, while the ETH/BTC ratio hits a three-year low. The network’s supply has increased by 0.35% over the last nine months, raising concerns about continued inflation as demand remains subdued.
read moreBitcoin Enters Price Discovery Phase as Analysts Predict Bull Market Growth
Bitcoin has entered a new price discovery phase, recently reclaiming the $102K mark and nearing its all-time high of $108,135. Analysts are optimistic, noting that the post-halving year is historically bullish, although some predict a potential market peak by mid-2024. Meanwhile, the overall crypto market capitalization has risen to $3.74 trillion, driven by Bitcoin’s gains, while Ethereum and other altcoins have shown limited movement.
read moreITC Demerger Unlocks Value as ITC Hotels Set for Listing
Nifty is at 23,700, with Sensex dropping 960 points, as Adani group stocks face pressure. The ITC demerger has set a price discovery at approximately Rs 455.60, with ITC shareholders receiving one share of ITC Hotels for every ten held. The listing is anticipated by February 2025, with a conservative valuation for ITC Hotels expected between Rs 100-125 per share, potentially unlocking significant shareholder value in the luxury hospitality sector. Investors are encouraged to hold their stocks post-demerger.
read moreStock market updates and expert stock recommendations for November 23 2024
On November 23, 2024, experts recommended ten stocks to buy following the Maharashtra election results, including RVNL, IRFC, and SBI. Additionally, Reliance shares are favored due to expected margin benefits from rising crude oil prices amid the ongoing Russia-Ukraine conflict. In other news, Godrej Properties, SBI, and ITC were highlighted as top picks for Monday, while Zomato is set to replace JSW Steel in the BSE Sensex index starting December 23.
read moreEthereum Struggles While Bitcoin Surges in Cryptocurrency Market Rally
The cryptocurrency market has seen significant growth, with a total market capitalization of $2.44 trillion, largely driven by Bitcoin’s surge past $73,000. While Bitcoin’s performance has been robust, Ethereum struggles to reach its target of $4,000, currently priced at $2,687. Despite criticisms, some analysts, including Benjamin Cowen, assert that Ethereum is not dying and anticipate a rebound in its performance.
read moreITC shares reach record high as market cap surpasses 6.5 lakh crore
ITC’s share price reached a record high of ₹522.50, with its market capitalization surpassing ₹6.5 lakh crore for the first time. The company has increased its stake in Sproutlife to approximately 47.50% through a ₹255 crore investment, aligning with its strategy to enhance its food segment portfolio. Analysts predict ITC shares will maintain strength, with potential upside to ₹530-₹538, while a drop below ₹500 may lead to consolidation.
read moreMarket Updates: IPO News, Stock Movements, and Commodity Prices Today
Indian markets are witnessing significant activity, with FPIs investing ₹27,856 crore in equities and ₹7,525 crore in debt this September. The Northern Arc Capital IPO opens on September 16, while Bajaj Housing Finance’s shares are trading at a premium of ₹79. Additionally, FMCG stocks like ITC and HUL have surged 18-27% in three months, driven by improved rural demand and festival spending.
read more10 Stocks with Potential Upside in Indian Share Market
Indian share market benchmarks, Sensex and Nifty, rose on Monday, tracking positive global cues. Market experts recommend quality stocks for the long term and those with strong technical indicators for the short term. Here are 10 stocks with potential upside in the next 3-4 weeks: ITC, Navin Fluorine International, Housing & Urban Development Corporation (HUDCO), GMR Airports Infrastructure, and Jindal Saw. Each stock has a specific buying range, target price, stop loss, and upside potential, based on technical analysis.
read moreStock Market Weekly Recap: Nifty 50 and BSE Sensex Gain, Small-Cap Index Soars
The Indian stock market ended higher last week, with the Nifty 50 and the BSE Sensex rising nearly 0.60 percent and 0.75 percent respectively. The small-cap index scaled more than 2.75 percent northward, while the mid-cap index shot up over 3.25 percent. Sumeet Bagadia, Executive Director at Choice Broking, recommended buying ITC, Cipla, and UltraTech Cement, providing technical analysis and target prices for each stock.
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