SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 108995.52 Crore) operating in Financial Services sector.

The NSE Nifty index closed 40.65 points up at 16985.7

Chakri Lokapriya says that while DLF's profit margins from their latest project will be high, it cannot be extrapolated to the entire real estate sector. Lokapriya also advised investing in SBI Life and HDFC Life from a positional investment perspective but warned against long-term investments due to tax rate and price point changes. The recent upgrade of price targets on insurance stocks by 5% to 25% by CLSA may signify a turning tide for the insurance sector.

Life insurance stocks have experienced a correction ranging from 7-24 percent since the budget.

The NSE Nifty index was trading 15.65 points down at 17138.65

The NSE Nifty index was trading 0.05 points down at 17154.25

CG Power and Industrial Solutions, Allcargo Logistics, DIC India, Taparia Tools, and Nettlinx will all trade ex-dividend this week. CG Power and Industrial Solutions, Allcargo Logistics, and DIC India will also trade ex-dividend on Wednesday, March 15. SBI Life Insurance, Taparia Tools, and Nettlinx will all trade ex-dividend on Friday, March 17.

The bank now has time until September 2024 to reduce stake. ICICI Bank announced on Friday that it has received approval from the RBI in a letter dated March 10, 2023 extending the deadline. Initially, the bank was required to divest its stake in ICICI Lombard General Insurance by September 2023 to 30% from 48.02%, in accordance with RBI regulations.

The NSE Nifty index closed 164.8 points down at 17589.6

On Wednesday, the stock is trading flat at Rs 1,129.40 apiece on NSE. So far this year, the scrip has lost about 8% on a year-to-date basis. In the past 12 months, SBI Life Insurance declared an equity dividend amounting to Rs 2 per share, which results in a dividend yield of 0.18%

The Sensex came close to 60,000 after a 1,058-point surge. It eventually closed at 59,808.97, up 899.62 points, or 1.53%. The Nifty advanced 272.45 points, or 1.57%, to close at 17,594.35 - above its 200-day moving average (DMA), a key trend indicator, of 17,404.11.

The NSE Nifty index closed 129.0 points down at 17321.9

The NSE Nifty index closed 91.65 points down at 17944.2

"We have not done too much work on this space on 5G and what could be good opportunities. Overall, in the automation space, we are very bullish. We have Honeywell Automation in our portfolio that we like and then Siemens is another one which has again been taking a lot of news flow on the locomotive and other things. "

The brokerage is overweight on financials, technology, consumer discretionary and industrials and underweight all other sectors. In its model portfolio, Morgan Stanley has increased weightage on its top bet financials by 600 basis points to 25.2%

"Somewhere, because of the policy changes, expectations in terms of regulatory headwinds and the embedded value of return on the end of the value is expected to take a hit in insurance companies thereby leading to the de-rating that happened on these stocks post-Budget. SBI Life, probably can go through all these elements in terms of regulatory/budget announcements and the dynamics on the balance sheet."

“Even the tail of the Adani issue was keeping the market subdued in the morning. But now the market has started recovering and this is on the back of the fact that the global markets have been much more favourable compared to what was happening in India. We would have expected in normal course a much stronger rally.”

BofA Securities maintained a buy rating on Power Grid with a target price of Rs 244. According to the investment bank, there could be some pressure on RoE amid rising competition.A strong dividend payout is a good sign. However, earnings were down on higher interest expenses

Shares of life insurance companies fell sharply in trade on Wednesday following the announcements and extended the losses on Thursday. Shares of SBI Life Insurance, Life Insurance Corporation of India (LIC), Max Financial Services, and HDFC Life Insurance Co declined 0.5-6%.

Union Budget 2023: The finance minister pushed the new income tax regime that does away with exemptions on investments. She also announced curbs on exemptions involving high-value insurance policies

The NSE Nifty index closed 45.85 points down at 17616.3

Shares of HDFC Life Insurance nosedived 12% to Rs 510.30, while SBI Life Insurance plunged 9% to Rs 1,119. The countrys largest life insurer Life Insurance Corporation of India (LIC) declined 5% to Rs 618.40. Max Financial plummeted 10% to Rs 752.10. PB Fintech dropped 7% to Rs 397.25.

Union Budget 2023: As many taxpayers take insurance policies only to take benefit of Section 80C deduction, they will not be inclined to do so under the new tax regime, experts said

The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday.

KR Choksey is bullish on SBI Life Insurance has recommended buy rating on the stock with a target price of Rs 1750 in its research report dated January 25, 2023.

"It is widely acknowledged that India remains at risk tactically because of the need to fund increased positions in China but there is widespread agreement that India remains the best long-term equity story in the Asia and emerging market context. To deal with this conundrum, investors seem to be reducing exposure to high PE Indian consumer discretionary stocks rather than reducing core bank holdings. This makes sense to GREED & fear, most particularly as Indian banks are looking cheap relative to the Indian market."

According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.

Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details arent public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added.

ICICI Direct is bullish on SBI Life Insurance recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 22, 2023.

Motilal Oswal is bullish on SBI Life Insurance recommended buy rating on the stock with a target price of Rs 1570 in its research report dated January 22, 2023.

Emkay Global Financial is bullish on SBI Life has recommended buy rating on the stock with a target price of Rs 1680 in its research report dated January 22, 2023.

HDFC Securities is bullish on SBI Life Insurance has recommended buy rating on the stock with a target price of Rs 1850 in its research report dated January 20, 2023.

SBI Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 129287.37 Crore) operating in Financial Services sector.