Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Shareholder Lock-in: Urban Company, ICICI Prudential AMC among cos to become eligible for trading this week
More than 100 crore shares across nine recently listed companies are set to become eligible for trading this week as their respective shareholder lock-in periods expire. Among the companies where shares will become tradable are Urban Company, ICICI Prudential Asset Management Co, Aye Finance, and Fractal Analytics, though the expiry of the lock-in does not necessarily mean that all eligible shares will be sold in the open market.
Shriram Life aims for 20 pc growth in FY26 despite regulatory changes: CEO
Shriram Life Insurance is gearing up for a significant leap, projecting a robust 20% growth by the fiscal year 2025-26. To enhance its footprint in the market, the company is forging new alliances with banks, broadening its distribution avenues. This pivotal strategy marks a shift from their prior emphasis on direct distribution methods.
Max Financial shares in focus after board approves ₹2,000 crore fundraise via QIP
The proceeds will primarily be used to meet the funding requirements of its material subsidiary, Axis Max Life Insurance, to support business growth and expansion, with the remaining amount earmarked for general corporate purposes.
NSE gets ready for IPO, finalises 20 bankers and 8 law firms
A total of 20 merchant banks have been appointed, setting a new record for India IPOs (the previous record was 18 banks for ICICI Prudential AMC).
All 29 analysts covering this stock have a 'buy' rating on it and JPMorgan joins the list
JPMorgan said India's life insurance sector is turning the corner with GST exemption driving a strong uptick in retail protection.
JPMorgan bullish on life insurers; initiates Max Financial at Overweight
Within the sector, Max Financial Services is JPMorgan's top pick, followed by SBI Life, HDFC Life, ICICI Prudential Life and LIC
NHAI-backed Raajmarg Infra InvIT IPO opens on March 11: Check price band and other details
Ahead of the issue opening, the InvIT raised ₹1,728 crore from anchor investors including Life Insurance Corporation of India, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance and Bajaj Allianz Life Insurance.
Market volatility offers long-term buying opportunity; positive on pharma, banking: Shriram Life CIO
Ajit Banerjee, President and CIO at Shriram Life Insurance, said the recent market volatility is being used as a long-term buying opportunity. He noted that improved valuations and stable macro fundamentals make current levels attractive for investors with a long-term horizon. The firm has increased exposure during the correction, with a positive view on sectors such as pharma, banking and infrastructure. Banerjee added that near-term market moves are largely news-driven and should not distract long-term investors.
CCL Products, Sai Life Sciences on Mayuresh Joshi’s watchlist for earnings strength
Mayuresh Joshi, Director of Research at Marketsmith India, is watching earnings-resilient sectors such as consumer discretionary, banking, and pharmaceuticals as market remains volatile. Along with CCL Products and Sai Life Sciences, Strides Pharma Science and ICICI Bank are on his watchlist, while Vishal Mega Mart remains a domestic consumption play worth tracking.
US-Iran war puts ₹70,000 cr dent in LIC's portfolio; banks, L&T worst hit
Holdings in SBI, ICICI Bank and HDFC Bank accounted for more than one-fifth of the losses for Life Insurance Corporation of India; while L&T alone created a 11 per cent dent, shows ACE Equity data.
Life insurers' new biz rose 18% in Feb
Life insurance new business premium surged 18% in February, propelled by a 24% jump at LIC. This growth is partly attributed to GST tailwinds, making individual life insurance policies cheaper and boosting demand for protection products. The industry saw a significant rise in policies sold and overall premium collection.
Life insurers' new biz rose 18% in Feb
Life insurance new business premium surged 18% in February, propelled by a 24% jump at LIC. This growth is partly attributed to GST tailwinds, making individual life insurance policies cheaper and boosting demand for protection products. The industry saw a significant rise in policies sold and overall premium collection.