Sensex rises 130 points, Nifty closes above 24,050; market erases most of intraday gains

Indian stock markets closed higher on Wednesday with marginal gains. The Iran-US conflict escalated, impacting global oil prices significantly. Investors face uncertainty due to geopolitical tensions and domestic economic factors. Rising inflation and monsoon deficiency pose challenges for the Indian economy. Experts advise remaining invested in fairly valued growth sector stocks.

ICICI Pru Life Q1 Result: Net profit jumps 28% YoY to Rs 386 crore

ICICI Prudential Life Insurance reported a twenty-eight percent net profit increase. Net premium income rose to nine thousand seven hundred forty-nine crore rupees. New business premium grew by twenty-one percent, and policy numbers also increased. Total revenue reached twenty-eight thousand three hundred ninety-five crore rupees. The company proposed changing its name to ICICI Life Insurance…