Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4 per cent, VNB margin I-Pru Life surprises investors
For this week, 11,500 - 11,600 has now become an important support zone
All that happened in the markets today
We are taking a balanced approach towards sectors and hence there is no big call on any particular sector, says Prasun Gajri, Chief Investment Officer, HDFC Life
HDFC Life Insurance Company is scheduled to declare its earnings for first quarter of this fiscal year 2020-21 later in the day
The NBP of life insurance companies contracted 10.46 per cent YoY in June as compared to decline 32.6 per cent and 25.4 per cent in April and May, respectively
ICICI Securities expects that in the semi-annual change in the Nifty50 constituents, SBI Life Insurance will enter the index, replacing Zee Entertainment (ZEEL).
All that happened in the markets today
HDFC Life Insurance Company will replace Anil Agarwal-controlled Vedanta in the benchmark index with effect from July 31.
On the results front, a total of 18 companies including Indiabulls Housing Finance are scheduled to announce their results today
At floor price, the OFS can fetch over Rs 1,400 crore
All that happened in the markets today
HDFC's share price were down almost 8 per cent to Rs 1,512
Banks had issued these bonds as additional tier 1 (AT1) bonds to raise capital in the past
Net profit also declined 14% on account of loss in investment income and higher provisions.
Post inclusion, stocks under the F&O segment will now be 143, up from 140, with effect from February 28, when the March series begins
Among individual stocks, HDFC Life Insurance Company, Bandhan Bank, and Info Edge will be in focus today as they are set to be added in the Futures & Options segment effective February 28
Puri retires in October this year
The recent Budget 2020 proposals came like a bolt from the blue for the life insurance firms. A knee-jerk reaction saw stocks of private life insurers plunge 6-13 per cent at the bourses on Saturday.
The 11-22 per cent increase in premium income, new offerings and push towards protection products are important drivers