LIC bonus record date this Friday. Should you buy the PSU stock amid its ongoing uptrend?

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LIC shares have been caught in an uptrend, rising for three straight sessions, following a strong set of earnings last week and the announcement of the bonus record date for its 1:1 issue. The PSU stock rose over 2% on Tuesday, taking its three-day rise to 7%. The record date for first-ever bonus issue by…

Investors earn Rs 13 lakh crore! Sensex, Nifty log best session in 8 months; what’s next?

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In early trade, the Sensex and Nifty surged as much as 5.1 per cent and 4.9 per cent, respectively, marking one of the sharpest single-day rallies in market history. Domestic equity benchmarks Sensex and Nifty extended their rally for a second consecutive session on Tuesday, ending with their biggest single-day percentage gains in nearly eight…