Life Insurance Corporation shares surged almost 8% on Wednesday, marking the highest single-day gain since December 2023, fueled by strong guidance and renewed investor confidence. Analysts attribute the surge to improved Value of New Business margins and management’s optimistic growth outlook. Despite past underperformance compared to peers, attractive valuations and regulatory adjustments suggest potential near-term momentum for LIC.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026