Share Market Latest News: There is a boom in the share market. Sensex opened with a gain of 322 points at the level of 71,678. At the same time, Nifty also had an increase of 88 points. It opened at the level of 21,605. During early trading, out of 30 Sensex stocks, 23 saw a decline and 7 gained. There is more rise in auto and metal shares.
Approval sought to start mutual fund business
Jio Financial Services and BlackRock Financial Management have sought approval from market regulator SEBI to start mutual fund business in India. Both the companies had sought approval from SEBI as a joint venture on October 19, 2023. This information has been received from the updated list with SEBI for mutual fund business. SEBI is currently considering giving in-principle approval to this joint venture for mutual fund business in India.
Another GST notice to LIC (Share Market Latest News)
LIC has received another demand notice of Rs 667 crore from the GST department. The company said it would appeal against the notice. LTI Mindtree has also received GST notice of Rs 200 crore. Even before this, LIC had recently received a GST notice of Rs 806 crore from Maharashtra.
There was a decline in the market yesterday (Share Market Latest News)
Earlier yesterday i.e. on January 3, a decline was seen in the stock market. Sensex closed at 71,356 with a fall of 535 points. Nifty also fell by 148 points. It closed at the level of 21,517. A huge fall was seen in IT and metal shares today. Out of 30 Sensex stocks, 20 saw a decline and 10 saw a rise.