LIC’s dominance is unparalleled in the country’s life insurance sector, domestic brokerage firm Kotak Institutional Equities (KIE) said while initiating coverage on the public sector behemoth with a buy rating. The insurer’s stock jumped 3.41% to close at 733.70a share following the report. “The margin expansion, driven by the shifting of product mix by its unparalleled […]
Stock market benchmark indices climbed in early trade on Wednesday, extending their rally for the eighth day running, following strength in most of the Asian equity exchanges and continuous foreign fund inflows. Also, buying in index majors Reliance Industries, HDFC twins and Tata Consultancy Services added to the positive trend in the equity market. The […]
Indian government bond yields are expected to trade largely flat in the early session on Thursday, as traders await minutes from the Reserve Bank of India‘s policy meeting due later in the day. The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.20% to 7.25% range, after closing at 7.2251% in […]
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