The BSE Realty index clocked over 4% gains, being the top sectoral index gainer for the week.

“There are certain pockets which look attractive. Infra has done really well over the last one year so one needs to be very careful over there. Media, auto look very attractive to me. Pharma is something where value has started emerging. Infrastructure again looks good. There are pockets where valuations are very attractive, sectors that have not done well for a very long period of time.”

Traders are advised to continue with an optimistic approach and now, with other sectors chipping in, we expect a good broad-based buying in the forthcoming week.

"The committee was formed earlier this month and has been given six to eight weeks for a comprehensive review of the 70 or so regulations governing the industry to ensure principal bases regulations," said a person aware of the details. "The ultimate aim is to ensure ease of doing business for all stakeholders in the industry."

The four Central government owned non-life insurers are expected to implement a major organisational restructuring in less than month which would cut down their costs, free up staff for redeployment and in general improve customer service, said industry officials.

The audit found that losses from the health insurance business of public sector insurers have either wiped out, or decreased, the profits of other lines of their business, particularly in group health insurance where premium charged was less and claim outgo was more in comparison to retail policies.

The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of business or increased the overall losses, the audit report on third-party administrators (TPAs) in the health insurance business of public sector insurance companies noted.

Stocks that were in focus include names like New India Assurance closed with gains of over 6 per cent, Ashok Leyland which closed flat with a negative bias, and Vodafone Idea which was down by over 3 per cent.

Mainly, staff of the New India Assurance Co. Ltd., (Mumbai), the Oriental Insurance Co. Ltd., (New Delhi), the National Insurance Co. Ltd., (Kolkata), and the United India Assurance Co. Ltd., (Chennai) will observe the strike.

According to the data from AceEquity, 392 stocks out of the BSE 500 index have delivered negative returns between January to June 2022. It means that four out of every five stocks are down on a year-to-date (YTD) basis as of June 29.About 210 stocks have dropped more than 20 per cent in the first half of 2022, while 40 stocks have tanked between 40-72 per cent, highlighting painful six months for investors.

With the government looking to restructure the operations of its general insurers, it should swiftly legally empower BBB to recommend candidates. These companies must be steered by competent professionals to improve governance, management and underwriting discipline.

Net-net analysts have positive views on Sun Pharma, Tata Motors and InterGlobe Aviation, neutral to negative views on Vodafone Idea and no view on New India Assurance Company.

Allowing life insurance companies to offer health plans is one of the big decisions in front of Irdai chairman Debasish Panda, who has vowed to simplify regulations and capital requirements and introduce new products to widen insurance penetration in the country.

Nifty50 on Friday capitalised on a strong gap-up start as the index ended almost at day's higher. In the process, it breached its immediate resistance level of 16,150 and formed a bullish candle both daily and weekly scales. Analysts said more upside is in the offing and advised traders to be cautiously bullish for the week ahead.

Divis Labs, BEL, SAIL, Zomato, Ramco Cements, Birlasoft, Graphite India, Vaibhav Global, HLE Glasscoat, Rupa and Company, Data Patterns, HG Infra Engineering are among the companies that will announce their Q4 earnings today.

Earlier this month, the first-year premium data of life insurers showed that the Life Insurance Corp (LIC) consolidated its position on the top with almost a one-and-a-half times increase in the first-year premium. LIC has a 65% market share, almost double the 35% of all private life insurers put together.

This comes after the selection of executives by BBB for various other institutions was challenged before the courts.

Smaller investors are expected to ride out any early price swoon, which is likely given that the so-called “gray market” is indicating that LIC shares may slip Rs 30 from their IPO price of Rs 949.

"The resolve shown by 130 crore people in the country in the fight against coronavirus signifies the strength of New India," Modi said in a tweet in Hindi.

Rahul Gandhi sets in motion a first-of-its-kind insurance programme for party workers. 40 lakh members of Telangana Congress to be insured! Premium amount paid through cheque to New India Assurance. Because, we, are a family," the Congress said on its official Twitter handle.

Those are state-backed entities including Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance, the insurance regulator said in a release on Thursday.

The eight personnel, including Gen Rawat, were covered under SBI GPA Policy for account holders, UII Chairman and Managing Director Satyajit Tripathy told PTI.

The government on Tuesday said there is no proposal as of now to merge public sector general insurance companies. There are four general insurance companies -- New India Assurance Company, National Insurance Company Limited (NICL), United India Insurance Company Limited (UIICL) and Oriental Insurance Company Limited (OICL).

In another transaction, two Vanguard Funds sold 4.3 million rights entitlements of Bharti Airtel at Rs. 208.3 apiece through two bulk deals on the National Stock Exchange.

'Azadi Ka Amrit Mahotsav' is an initiative of the central government to celebrate and commemorate 75 years of India's independence.

"The state, which was the sixth biggest economy in the country, has become the second biggest. Once associated with anarchy and known as a state of riots, UP today has become a role model in terms of law and order," Yogi Adityanath said after unfurling the Tricolour outside the UP Vidhan Bhavan.

CII President TV Narendran said Prime Minister's Independence Day speech comprehensively outlined a strategic economic vision that embraced various critical sectors of the economy.

The Prime Minister underlined that India has to march ahead with new pledges for next 25 years. He also applauded the role of the medical fraternity in fighting the pandemic.

An outlay of Rs 6,322 crore has been planned to boost domestic steel manufacturing of ‘specialty steel and attract significant investments.

This reform, coupled with the hike in foreign direct investment in insurance to 74%, will allow more investments into India (including from private equity funds), make the operations of these insurers more efficient, with better managerial skills, and help foster a vibrant insurance market that can attract long-term funds.

One of my top priorities to ensure that Indians travelling abroad face least possible restrictions on vaccination type.

The upper house passed the legislation with a voice vote in the din, in a matter of minutes, with Finance Minister Nirmala Sitharaman not replying to points raised by MPs briefly.

The mega initial public offering of LIC is expected by the end of the current fiscal, and the government is looking to collect Rs 50,000 crore as dividend from state-run companies. Stressing that privatisation of Air India, BPCL, Shipping Corp of India, Pawan Hans, BEML and Neelachal Ispat Nigam Ltd would be completed this year, Pandey said change of ownership and control would boost the valuations of these companies.

​​Prime Minister Narendra was addressing the Confederation of Indian Industry (CII) Annual Meeting 2021. The theme of the meeting is India@75: Government and Business working together for Aatmanirbhar Bharat.

​​Prime Minister Narendra was addressing the Confederation of Indian Industry (CII) Annual Meeting 2021. The theme of the meeting is India@75: Government and Business working together for Aatmanirbhar Bharat.

Zomato reported widening of its net loss to Rs 360.7 crore for the quarter ended on June 30, 2021, mainly on account of rise in expenses.