Long-term investor life insurers raised stakes in 8 stocks by up to 14% in Q4
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Insurers are considered long-term investors in the market, as they have a longer mandate to invest policyholders’ money.
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Five of the eight stocks managed to beat the flat returns on Sensex on a year-to-date basis.
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NEW DELHI: Insurance companies lapped up shares of at least eight BSE500 companies during the January-March quarter and increased holdings by between 200 basis points and as high as 14 per cent. Five of the eight stocks managed to beat the flat returns on Sensex on a year-to-date basis.
RBI status quo on policy supportive of economic growth; liquidity measures in right direction: Experts
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Last Updated: Apr 07, 2021, 07:38 PM IST
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The six-member Monetary Policy Committee (MPC) unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.
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The RBI will also provide Rs 25,000 crore to NABARD, Rs 10,000 crore to NHB and Rs 15,000 crore to SIDBI.
RBI s decision to keep repo rate unchanged for the fifth time in a row is in line with the economic need to encourage growth, financial market players and experts said on Wednesday.
Covid 19 surge: Non-life insurers brace for more pain from rising cases
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Life insurers say impact limited till now
Amidst the second wave of Covid-19 cases in the country, insurance companies say they are poised to deal with rising claims but general insurers are worried about the impact on their balance sheets. For the life insurance sector, the pandemic has posed less of a challenge as the number of deaths has been much lower than the active case load.
“The first quarter of this fiscal will be challenging for all non-life insurers as health claims are on the rise again. While Covid-19 claims are surging, people are also getting elective surgeries done,” said the head of a general insurance company, adding that if cases continue at this level then it would also begin to dent the balance sheets.
NEW DELHI: After a volatile five sessions, the benchmark equity markets ended the week with gains of about 3 per cent as D-Street danced to global tunes, especially given the fluctuations in US bond yields.
This was the first positive week for Nifty and Sesnex after two straight weeks of losses, but analysts believe there are more reasons for the market to fall than rise at least in the near term as investors will look at the trend of bond yields abroad to assume higher risk.
“The US 10-year G-Sec yields have surpassed 1.5 per cent on a closing basis, which is somewhat negative for global equities. The dollar index has also moved up from 90 to ~92 levels, which is seen as negative for emerging market currencies and also equities. The tone of the market seems to be on the downside for now,” said Rusmik Oza, Executive Vice President, Head of Fundamental Research at Kotak Securities.