new Delhi. On the day of weekly expiry, trading was seen in the stock market. The market closed flat amid volatility. The stock market started with an increase, but this momentum could not be sustained till the end of the business. At the end of trading, the Sensex, the main index of the Bombay Stock Exchange (BSE), closed down 104.67 points, or 0.18 per cent, at 57,892.01. On the other hand, the Nifty of the National Stock Exchange (NSE) lost 17.60 points, or 0.10 percent, to close at 17304.60.
The market was closed in the red mark a trading day ago
Earlier on Wednesday, the Indian stock market was fluctuating throughout the day. At the end of trading, Nifty had closed below 17350, down 30.25 points. At the same time, the Sensex closed at 57996.68, down by 145.37 points.
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LIC IPO: Tax arrears case against the company of about Rs 75,000 crore
It is worth noting that according to DRHP of the country’s largest insurance company LIC, the company is fighting a case of tax arrears of Rs 74,894.5 crore in different courts of the country. According to Mint, a total of 63 cases are related to tax, of which 37 are of direct tax. This is a case of Rs 72,762.3 crore. While the remaining 26 cases are related to indirect tax which is worth Rs 2,132.3 crore. Some cases related to LIC’s tax are against the government itself.
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Udaan to launch IPO by May 2023
Let us inform that Vaibhav Gupta, CEO of Business to Business (B2B) e-commerce firm Udaan (Udaan), said that the company plans to launch its IPO by May 2023. Giving this information in a conversation with Economic Times, he said that Udaan will be ready for IPO by the end of 2022 and its gross margin is improving every quarter.
Tags: Nifty, Sensex, Share market
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