GAGA Share Market News

[hfe_template id='11223'] [ad_1] Equity indices rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected US inflation ignited hopes of more rate cuts by the Fed. Stocks that were in focus include names like SBI Life, which rose 3% and DMart, which gained 1% and LTIMindtree, whose shares jumped 2.5% on Thursday. Here's what Viral Chheda, Sr Analyst at SSJ Finance and Securities, recommends investors should do with these stocks when the market resumes trading today. SBI Life After making the Double Top around 1936 in September 2024, price has witnessed a bear run to make the low of 1377 odd levels. Price has given almost 30% downside move from its higher level of 1936 odd levels. Price has formed a Lower Top Lower Bottom Pattern. At the lower levels after moving in the range of 1377-1487, price has breached the consolidation phase and moving above that level indicates further upside movement. For the Long term...

[hfe_template id='11223'] [ad_1] The Indian life insurance sector is on the cusp of significant growth, driven by a series of regulatory changes that are now providing more clarity and stability. Over the past few years, the industry has faced numerous challenges, such as new taxation rules on ULIPs and non-linked products, as well as revised surrender charges. While these changes initially caused market corrections, they have laid a solid foundation for future expansion. One of the most impactful changes is the new surrender charges regime, which enhances product liquidity, making it easier for agents to sell higher-ticket products. This increased flexibility is expected to drive higher customer engagement and improve the overall sales outlook. Additionally, any rate cuts by the Reserve Bank of India (RBI) could further boost the attractiveness of long-term guaranteed products, providing an additional growth lever for the industry. Protection products, particularly cred...

[hfe_template id='11223'] [ad_1] Shares of SBI Life climbed 3% to hit a 52-week high at Rs 1,684 in Thursday's trade on BSE after the firm reported a standalone net profit of Rs 520 crore for the first quarter ended June 2024. This is a growth of 36% from Rs 381 crore posted in the same quarter last year. Meanwhile, the net premium income for the reporting quarter increased 15% YoY to Rs 15,105 crore, compared with Rs 13,104 crore in the corresponding quarter of last year. The income from investments during the quarter increased 32% YoY to Rs 19,283 crore. It was Rs 14,579 crore in the year-ago quarter. The first year premium for the June quarter jumped 19% YoY to Rs 3,146 crore against Rs 2,637 crore in the same quarter last year. The new business for the April-June 2024 period increased 13% YoY to Rs 7,030 crore, while the renewal premium was up 16% YoY to Rs 8,540 crore.SBI Life saw strong growth in 49th month and 61st month persistency in the first quarter by 259...

[hfe_template id='11223'] [ad_1] Listed private life insurers are set to report strong annualised premium equivalent growth, driven by a lower base and buoyant equity markets. However, the value of new business (VNB) margins will be muted due to increased sales of unit-linked insurance plans and pressure on group term pricing. General insurance companies are expected to show improved profitability, benefiting from a low claims ratio amid strong growth in motor, health, and commercial lines. Life insurers will adjust to new surrender value regulations this year, compressing their VNB margins in the second half of fiscal year. The life insurance industry experienced muted growth in Q1FY24 due to a surge in high-value non-par policy sales in the preceding quarter before the change in taxation policies. From April 2023, the government removed tax benefits from all non-par policies with aggregate premiums of ₹5 lakh and above per year. Insurers are likely to report APE growth...