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So, consumer staples and IT are featuring more prominently on FII buy lists while BFSI and autos get the short shrift. Overseas investors bought $376 million (Rs 2,800 crore) and $201 million (Rs 1,517 crore) worth of consumer staples and IT stocks, respectively, in April.
Underwriting losses of general insurance cos rise 6% in FY20Public sector insurers – five in total -- reported a bulk of these losses at Rs 18,741 crore in FY20, up from Rs 18,533 crore a year ago. Private insurers, 29 in all, meanwhile, reported sharp rise in losses albeit a much sma… Read MoreSBI aims to double home loan portfolio to Rs 10 lakh cr in next five yrs: Chairman"We have crossed the Rs 5 lakh crore mark. This is a journey which we have covered in almost from 2011 to 2021. So in about 10 years' time, we have built this book from about Rs 89,000 crore to Rs 5 lakh crore," the State Ban… Read MoreClaim settlement ratio of LIC slipsThe life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data from the latest Insurance Regulatory and Development Authority of India’s annual repor… Read MoreAustralian shares slip as tech stocks mirror Wall Street peers' lossesThe S&P/ASX 200 index slipped 0.09% to 6,850.60 by 0103 GMT. The benchmark closed 0.5% higher on Wednesday.
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… Read MoreStocks in the news: Titan, NBCC, Magma Fincorp and Bharat PetroleumHere are a few stocks which may buzz the most in today's trade.
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