LIC's(+2.83%) Q1 Profit Surges Over 12-Fold to Rs 9,543 Crore; MSCI Global Smallcap Index Welcomes Indian Stocks

Legislative Changes Required as Lok Sabha Passes 28% GST on Gambling and Gaming.

Market Summary

Closing Bell: Nifty below 19500, BANKNIFTY slips below 44200, Sensex tanks 360 pts, Media, Pharma and Healthcare slips. 📉

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Market News

HCL Technologies(+3.28%) Soars 3% on $2.1 Billion Verizon Deal: Best Day for Shareholders in 14 Months. ✔️🚀

Info Edge(-4.23%), Reports Strong Q1 Performance Profits Surge 35%, Revenues Up 15%. 🚀📉

LIC(+2.83%) Reports Q1 Result 1,299% Jump in Net Profit to Rs 9,543 Crore. 💸🚀

NCLT Greenlights Zee Entertainment(-4.06%) and Sony Merger, $10B Media Powerhouse in the Making. 📉

IRCTC(+2.48%) Shares Rises 5% Intraday as Q1 Profits Dip 5% to Rs 231 Crore, Revenue Surges 17.5% Impacted by Operating Margins. 🚂🚀

Indiabulls Real Estate(-3.02%) Posts Q2 Loss of ₹679.5 Crore, Exceptional Item Impacts Results. 📉

Mazagon Dock(-2.95%) Stock Slumps 5% Intraday, Revenue Down by 3%, 40% YoY Profit Jump.🛳️📉

MSCI Global Smallcap Index Welcomes Indian Stocks: ACC(-0.37%), Glenmark(-1.12%), Kalyan Jewellers(+11.52%); Farewell to Aditya Birla, Ashok Leyland and More. 🌏

TVS Supply Chain Solutions IPO Subscribed 87% on Day 2, Retail Investors Lead.🧾