New Delhi. Government insurance company LIC has increased its stake in private sector bank IDFC First Bank by 0.2 percent. Now LIC's stake in IDFC First Bank has increased to 2.68 percent. LIC has spent Rs 80.63 crore to buy shares. LIC said in a regulatory filing that it has increased its stake in IDFC First Bank from 1,42,01,484 to 20,02,36,384. This purchase has been made through private placement which was completed on June 30. LIC shares closed at Rs 1,010.05 with a gain of 2.25 percent on BSE on Thursday. At the same time, IDFC shares closed at Rs 81.19 with a gain of 0.40 percent.
… Market closed at record level Local stock markets rose on Thursday and the BSE Sensex rose 63 points to close above 80,000 points for the first time. NSE Nifty also remained at record high. The market gained momentum amid positive global sentiment, mainly due to buying in companies having strong market share… ICICI Bank, Infosys and TCS. The BSE Sensex based on 30 shares closed at an all-time high of 80,049.67 points with a gain of 62.87 points or 0.08 percent. During trading, at one time it had gone up to 80,392.64 points with a gain of 405.84 points. But later it came down due to profit booking. The National Stock Exchange's Nifty also closed at a new peak of 24,302.15 points with a gain of 15.65 points or 0.06 percent.
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