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Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while those of New India Assurance Company rallied 14.3% to a new high of Rs 311.85 on BSE. ....
“Following RBI s tightening measures, the Bank Nifty has consolidated at lower levels, with four of the five largest banks dropping below their 200-DMA. The sentiment appears sideways in the short term. The level of 44,000 is poised to remain a pivotal point; a decisive move above this mark could potentially trigger a substantial rally for the index.” ....
LIC jumped 9 percent to Rs 674.65, GIC surged 14 percent to hit a fresh 52-week high of Rs 301.80 and NIACL, too, galloped to fresh 52-week high of Rs 208 after gaining 17 percent ....