Private life insurers experienced reasonable growth in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), and the October data is also encouraging. The individual weighted received premium (WRP) for private players grew by 19.8 per cent year-on-year (Y-o-Y) in October. However, Life Insurance Corporation (LIC) of India had slower growth, pulling the industry growth rate down to 13 per cent Y-o-Y.
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
The Mumbai-based real estate developer Oberoi Realty has been one of the top-performing companies in its segment and most brokerage remains bullish on the stock. The company's stock price is 52 per cent in the last 12 months beating the broader market by a huge margin. The benchmark BSE Sensex is up just 6.5 per cent during the period.
Condemning the terror attack on the Pathankot air force base, China said it may have been launched "intentionally" to disrupt the momentum in Indo-Pak ties.
The government's negotiations with protesting farm unions hit a roadblock on Friday as the farmer leaders stuck to their demands for a complete repeal of three farm laws they find pro-corporate and a legal guarantee for minimum support price (MSP), even as the Centre asked them to reconsider its proposal for putting the Acts on hold for 12-18 months.
From the Sensex pack, State Bank of India, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel and Tata Motors were the major gainers. Power Grid and HDFC Bank were the laggards from the pack.
Investors became richer by over Rs 2.27 lakh crore on Monday as equities rebounded, with the BSE Sensex rallying over 1 per cent amid continuous foreign fund inflows and upbeat global markets. The 30-share BSE Sensex jumped 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it zoomed 799.9 points or 1.31 per cent to 61,854.19. Following the rally, the market capitalisation of BSE-listed firms jumped by Rs 2,27,794.46 crore to Rs 2,76,06,443.06 crore.
India's GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday. Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.
Microsoft chairman and CEO Satya Nadella on Tuesday said there is a tremendous momentum in cloud adoption, as he termed cloud a "big game changer". Nadella, who is currently in India, addressed Microsoft Future Ready Leadership Summit in Mumbai on Tuesday. He is also scheduled to visit Delhi and Bengaluru this week, and will be meeting key customers, startups, developers, educators and students during his India visit.
IMAGES from the IPL 2022 game between Mumbai Indians and Punjab Kings, in Pune, on Wednesday.
Benchmark Sensex rallied 455 points and Nifty rose more than 133 points to close above the key 18,000-mark for the first time since April on Tuesday as foreign institutional investors continued to be bullish on the domestic market. Continuing its rally for the fourth straight session, the 30-share Sensex rose 455.95 points or 0.76 per cent to close at 60,571.08 points. The broader Nifty climbed 133.70 points or 0.75 per cent to settle at 18,070.05 points. Previously, the Nifty had closed above the 18,000-mark on April 4 this year.
CSK would be looking to continue the momentum.
Revenue grew 5.1 per cent in the quarter under review to Rs 39,946 crore from Rs 38,010 crore in the corresponding period last fiscal.
Aishwary Pratap Singh clinched a comfortable win over Alexander Schmirl to clinch gold at the ongoing ISSF World Cup in Cairo.
Pat Cummins and Co. stormed into the semi-finals on the back of one of the greatest ODI innings played by Glenn Maxwell. The all-rounder battled cramps to smash an unbeaten 201 off 128 balls to lift Australia from a precarious 91 for seven to the victory target of 292 against Afghanistan.
La Liga leaders Real Madrid cruised to a 4-0 home win over relegation-threatened Celta Vigo on Sunday to restore their seven-point lead at the top of the table with a dominant display.
'In case the El Nino pattern plays out negatively and/or the political situation becomes messy, we may see markets correcting and waiting for the situation to become clear by early/mid-2024.'
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
Forget team colours! Let's build the ultimate dream team, a team that would dominate any opponent...
India is well positioned to continue to be the fastest-growing major economy next year, which may mark the lowest global growth since the millennium began barring the pandemic and the global financial crisis, according to Tata Sons chairman N Chandrasekaran. In his New Year message to around 9.35 lakh employees of the Tata Group, he said increasing consumption, consumer confidence and investment will support India's growth story although the global environment has several risk factors, including the energy crisis in Europe, the battle to contain inflation to avoid recession, and ongoing geopolitical conflicts. "Post-pandemic, India opened up, and we have returned to living our daily lives normally, in a year that saw the nation turn 75 years old.
Equity benchmarks staged a comeback during the fag-end of trade on Wednesday, with the Sensex climbing over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum. In a volatile session, the 30-share BSE benchmark ended 214.17 points or 0.37 per cent higher at 58,350.53.
'In the next one-and-a-half, two months you'll get decent amount of opportunities in the mid-cap and small-cap sector at lower levels.'
Though the list of superstitious beliefs is long, often dissolving distinctions of class, caste, religion and education, Karnataka's anti-superstition bill is seen as a big step ahead.
'The IPO market is cooling off and getting a reality check.'
Having lost the toss in all four matches of the ongoing T20I series against South Africa, India's stand-in captain Rishabh Pant said he will spin the coin with his right hand in the series-deciding game in Bengaluru on Sunday.
Retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October this year at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases, the Federation of Automobile Dealers Associations (FADA) said on Monday. Retail sales of automobiles in the domestic market stood at 22,95,099 units in October 2022, FADA said in a statement. Two-wheeler retail sales were at 15,07,756 units last month, as against 17,25,043 units in the year-ago period, down 12.60 per cent, as per the latest data by FADA.
MI will take on a stuttering Punjab Kings at the Wankhede Stadium on Saturday night and despite the visiting team losing three out of their last four matches, Behrendorff refused to read much into their struggles.
'The reason being we cannot let premiums go beyond a certain point.'
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
The benchmark indices are set to end their five-month gaining streak, but the market breadth continues to hold strong So far this month, stocks gaining have outnumbered those declining, a sign that the bulls still have the upper hand, even as the pullback in the S&P BSE Sensex and the National Stock Exchange Nifty indicates otherwise. On the BSE, 2,126 stocks have advanced and 1,955 have declined in August, translating into an advance/decline ratio (ADR) of 1.1.
How often have fielding errors turned matches around more often than performances with bat or ball and that is exactly what happened at the Eden Gardens in Kolkata on Friday.
If Rashid doesn't come good with the ball, he is certain to shine in the field or with the bat. His value and legend grew more on Sunday with an effort that changed the game's route.
In its biggest post-Budget day rally ever, the Sensex had soared 777 points on March 1, also its best single-day show in nearly seven years.
Images from the ICC Men's ODI World Cup match between New Zealand and the Netherlands in Hyderabad on Monday.
The stock of consumer goods major Emami has corrected nearly 3.5 per cent since its 52-week high of Rs 546.25. On August 29, the stock closed at Rs 521.90 on the BSE. After underperforming the Nifty FMCG index for a long time, the stock is now doing a catch up and surged over 13 per cent in the past one month.
Images from the ICC World Cup match between Afghanistan vs South Africa, in Ahmedabad, on Friday.
The sharp rally in the markets thus far in fiscal 2023-24 (FY24) has left analysts struggling to find investment-worthy themes. The S&P BSE Sensex has surged nearly 7 per cent thus far in FY24 and hit a fresh 52-week high of 63,601.71 levels on June 22, mostly led by foreign institutional (FII) flows. "The Indian market has seen a broad rally in the past few months but headline indices have seen more modest performance. "We are not very clear about the reasons for the rally and the divergent performance and struggle to find ideas in the consumption, investment and outsourcing sectors after the sharp run-up in several of our favored sectors and stocks in the past two months," wrote Sanjeev Prasad, co-head, Kotak Institutional Equities, in a recent co-authored note with Anindya Bhowmik and Sunita Baldawa.
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday
Ghosal recovered from a defeat in the second set to see off Scotland's Greg Lobbon 11-5, 8-11,11-7 11-3
Several top Congress leaders from party chief Mallikarjun Kharge to former party chiefs Sonia Gandhi and Rahul Gandhi were involved in the hectic parleys with Siddaramaiah and D K Shivakumar, which finally helped to break the logjam over the top post in Karnataka.
