GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of the state-owned insurer Life Insurance Corporation of India (LIC) jumped 2.4% to Rs 938.45 on the BSE as the company eyes an acquisition of as much as 50% stake in ManipalCigna Health Insurance, seeking an entry into the market for medical expenses coverage. ManipalCigna is a joint venture between Manipal Education & Medical Group and US-based Cigna Corporation. The Bengaluru-based group holds a 51% stake in the standalone health insurance company, while Cigna Corporation owns the remaining 49%. If a deal is finalised, it will allow state-run LIC to diversify from its life insurance portfolio and tap into the increasing demand for health insurance that constitutes 37% of the Rs 3 lakh crore general insurance industry. As reported by ET earlier, both parties have signed a non-disclosure agreement and are moving forward with discussions for LIC to acquire approximately a 50% stake in the venture. The deal could value the healt...

[hfe_template id='11223'] [ad_1] Synopsis It is after a long time that we are seeing corrections in absolute terms. Also, it is rare for the Indian markets not to be in step as global markets rise. On Monday, and also on last Friday, there were minor intra-day upmoves by the Nifty. But these were followed by sudden, sharp selling pressure which saw the whole market collapse. In such times, there is no foolproof way to avoid a cut in the value of your portfolio. However, if you are investing fresh money, a filter of sorts would help. So, stay with large-caps – especially those in sectors with the tailwind of a policy push, or any other such positive. We look at the stocks which have seen an improvement in analysts’ rating in the last one month – a period of great volatility for the market. The market truly has the ability to surprise us. It can move up when no one is expecting it to do so, and amidst all kinds of negative news. It can also fall unexpectedly amidst good ne...