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Young people are busy traveling, taking advantage of the free time — there are few good jobs out there — as well as the consumer power that comes with a deflationary economy

The options data indicates that the Nifty can face resistance at 21,700-21,800, while immediate support is at 21,500

Post listing LIC shares were in a downward trend, where it lost 26 percent from it listing till November last year.

The stock has rallied over 10 percent in the last 1 month. The rally has been powered by record sales in company#39;s JLR unit and upcoming price hike for its passenger vehicles

In recent statements, Subhash Chandra has said that promoters of ZEEL will increase their stake in the company to 26 percent from the current 4 percent. Rules mandate that listed companies should disclose material events to shareholders first.

Selling in power and FMCG names dragged the markets down. However, buying in metal, realty and oil and gas stocks capped the losses

Wadhwani’s gift to IIT Madras is being touted as one of the largest gifts given by an alumnus to create a school at an educational institution in India

The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.

Top Nifty losers were Bajaj Finance, Titan Company, UltraTech Cement, NTPC and Bajaj Finserv, while gainers were Tata Motors, BPCL, Grasim Industries, Eicher Motors and Adani Enterprises

Revenue came in at Rs 7,215 crore, up 7 percent from the year-ago quarter.