After being on a selling spree for three consecutive months where FPIs pulled out net assets worth over Rs 200 billion (between April-June) from the equity markets, the month of July with net inflow of Rs 5.52 billion may appear like a breather.

  Domestic passenger vehicle sales rose 37.54 percent to 2,73,759 units in June this year from 1,99,036 units in the corresponding month last year. Domestic car sales were up 34.21 percent to 1,83,885 units as against 1,37,012 units in June 2017, according to...

“The IPO market is buoyant for good quality company issues which are priced cautiously. There is investor appetite for companies which price their IPOs keeping money-on-table for investors,” J Kalyaniwala, vice president of investment banking at Prabhudas Lilladher said

“Equity markets are witnessing some value buying after a sharp correction in mid and small cap indices that have corrected by almost 20 per cent in 2018. The recent interest among FPIs is basically bottom fishing in beaten down stocks,” said Rajeev Srivastava, head of retail broking at Reliance  1.35 % Securities. 

The CSO, which is a wing of ministry of statistics and programme implementation, said the estimated total number of new National Pension Scheme subscribers during the period September, 2017 to April, 2018 is 5,12,040 persons.

New business premium of Life Insurance Corporation of India (LIC), the largest and the only state-owned life insurer, expanded by 9.49 per cent to Rs 9,204.88 crore in May against Rs 8,406.76 crore in May 2017, the data released today showed.

On a cumulative basis during the first two months of this fiscal, the total premium of all the non-life insurers grew by 11.96 percent to Rs 24,397.09 crore from Rs 21,791.08 crore in April-May 2017-18.

For the January-December 2017 period, passenger vehicle sales rose 8.85 per cent to 32,29,109 units as compared with 29,66,603 units in 2016.Car sales rose 5.13 per cent to 21,68,151 units last year as compared with 20,62,357 units in 2016.