Life insurers reported strong February numbers. Axis Max Life’s premiums rose 30%, Canara HSBC Life’s jumped 52%, and LIC’s increased 24%. HDFC Life saw a 3% decline.
With the new project, Raymond Realty said its gross development value of its real estate projects will be close to ₹43,000 crore, it said.
Closing bell: Indian equities closed sharply lower as global market weakness triggered broad-based selling. Banking and PSU stocks led the decline, while IT shares bucked the trend amid a spike in volatility.
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines,…
Value is starting to emerge in the equity market after the recent correction, said Nikhil Ranka, CIO – Equity Alternatives at Nuvama Asset Management. Midcaps had already fallen sharply and usually face extra pressure in March due to year-end funding…
Richard Redoglia, CEO of Matrix Global, says oil markets may be pricing in a temporary spike despite the recent surge in crude prices. He notes that while spot prices have risen sharply, forward prices remain significantly lower, suggesting expectations of…
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, says crude’s sharp spike may peak near $120–130 and remain elevated in the near term but is unlikely to sustain beyond a few months. He expects global markets to stay weak…
George Thomas, Fund Manager – Equity at Quantum AMC, believes the recent jump in crude oil prices, triggered by geopolitical tensions, could temporarily push inflation higher and weigh on global macro conditions. He noted that the base case remains that…
Gold and silver prices in India showed mixed movements on March 9 due to various factors.
Madhavi Arora, Chief Economist, Emkay Global Fin Services, says the RBI may prioritise financial stability over inflation if crude prices remain elevated. Oil above $100 could widen India’s current account deficit and pressure the rupee, while the central bank may…