The brief
- NSE’s market debut benefited investors including Damani, Premji and LIC
- NSE’s listing gains benefit LIC and other investors holding its shares
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| LICI | Fri, 25 Sept | +0.8% | +0.4% | 1.6× | +0.8% · Nifty +0.3% |
○ Classifier read this as positive; LICI barely moved against the Nifty on the day it traded.
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- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
- LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
- About Life Insurance Corporation Of India (LIFI.BO)
- Dinesh Pant and Girija Subramanian appointed as IRDAI members
NSE IPO debut, valuation and self-listing plans
NSE’s ₹22,569 crore IPO was subscribed nearly six times, and its shares opened at ₹1,800 before rising to ₹1,845. The exchange has said it is open to self-listing if SEBI permits; analysts have flagged its valuation of ₹4.4 trillion, or 43 times earnings.
Friday, 25 September
- Damani, Premji, LIC among big winners from NSE listing