The BSE Sensex jumped 1,041 points or 1.9 percent to close at 55,926, while the Nifty50 surged 309 points to 16,661. The key resistance levels to watch out for are 16,736 and 16,810.

Asian shares lower in Tuesday morning trade. Investors watch for reaction to official Chinese factory activity data for May. Nikkei 225 in Japan dipped 0.27 percent, while the Topix index declined 0.29 percent. Kospi in South Korea shed 0.08 percent and Hang Seng index traded 0.15 percent lower.

The Nifty futures were trading around 16,601 levels on the Singaporean exchange. The broader index in India had a negative opening with a loss of 46 points (0.06%) to 16,744.50 on Friday morning.

Oil prices have risen as a result of the EU’s ban on most Russian crude imports.

Brent crude futures for July gained 33 cents to $122 a barrel at 0054 GMT. US West Texas Intermediate (WTI) crude futures were trading at $117.31 a barrel, up $2.24 from Friday’s close. There was no settlement on Monday due to a US public holiday.

In the fourth quarter, LIC’s net profit fell by 17% to Rs 2,409 crore.

LIC reported a net profit of Rs 2,409 crore for the quarter ending March 2022. Net profit for the entire fiscal was reported as Rs 4,043.12 crore. Total revenue in Q4 FY22 was 11.64 percent higher as compared to last year.

LIC reported a net profit of Rs 2,409 crore for the quarter ending March 2022. Net profit for the entire fiscal was reported as Rs 4,043.12 crore. Total revenue in Q4 FY22 was 11.64 percent higher as compared to last year.

IRCTC net profit doubles to Rs 216 crore in Q4, revenue increases to Rs 690.9 crore. EBITDA was up 92 percent YoY at Rs 278.5 crore. Fed needs to move interest rates much higher, Christopher Waller said.

Foreign investors bought shares worth Rs 502.08 crore on May 30. Domestic institutional investors (DIIs) remained net buyers, to the tune of Rs 1,524.49 crore. South Korea’s April factory output shrinks most in 2 yrs, service output expands.