Fintech Policybazaar News Today

Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.

In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 6,046 crore led by Kotak Mahindra Bank with 29 block counts, totalling to Rs 1,310 crore.

360 One Asset Private Equity exited its investment in PB Fintech (Policybazaar), realizing 2.4 times gains on invested capital.

PB Fintech shares: Policybazaar demonstrated a bullish breakout above the small 'Falling Channel' pattern at Rs 1,145 on the weekly chart, signalling a positive bias.

Stocks to buy: According to Axis Securities, if Nifty crosses and sustains above the 22,200 level, it would witness buying, leading the index towards 22,300-22,500 levels. However, if the index breaks below the 21,900 level, it would witness selling, taking the index towards 21,800-21,600.

The M&A Conclave was a resounding success, attracting a dynamic mix of executives, investors, and advisors...

The Insurance industry also wants government to roll back its previous decision to tax maturity proceeds of traditional endowment policies with aggregate annual premiums of over Rs 5 lakh.

Q3 results today: Tuesday marks the announcements of December quarter earnings for 95 BSE listed companies. Larsen & Toubro, Bajaj Finserv, and Dr Reddys Laboratories are the key companies to watch. Other important results include Cochin Shipyard, Blue Star Company, Dwarikesh Sugar Industries, KEC, Mahindra & Mahindra Finance, KPIT Technologies, NDTV, PB Fintech, Star Health and Allied Insurance, Vaibhav Global, VIP Industries, and Voltas.

The main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal regulations.

In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,729 crore, led by Kotak Mahindra Bank.