Union Budget 2025: The Budget is anticipated to bring forth reforms to bolster the expansion and reach of the insurance industry in India.
A number of stocks like Wipro, Jio Financial Services, Tech Mahindra, ICICI Lombard GIC, SBI Life and Indian Hotels are set to announce their results for the December 2024 quarter later today.
HDFC Life shares dropped 3.4 per cent to eventually closed at Rs 657.60 on BSE. HDFC Life said the news flash was based on rumours and speculation and that it categorically stated that the information mentioned was inaccurate.
Life insurance sector outlook: Morgan Stanley believes the insurance industry could look to manage by sharing the hit with distributors (lower commissions and/or trail commission structure).
Bandhan Bank is currently experiencing a pronounced downtrend, with indications pointing towards a potential bottoming out near the Covid low in the range of Rs 180–160.
HDFC Life and Max Life are expected to react more favourably to the fresh development. Nomura said the IRDAI decision is expected to mitigate ambiguity within the sector and could prompt a positive upswing.
ICICI Lombard General Insurance Company Ltd climbed 4.03 per cent to Rs 1,579.70 on BSE. The New India Assurance Company Ltd rose 3.24 per cent to Rs 273.70.
Reliance Industries is exhibiting positive technical signals. It has recently closed above its major resistance at Rs 2,593, indicating a fresh weekly breakout with increasing volume.
Top stock picks for today: In an interaction with BT TV, Mileen Vasudeo said SBI Life Insurance Company Ltd's share price could head higher in the near term. For SBI Life, he said, "One can expect targets of Rs 1,466-1,489. Keep stop loss placed at Rs 1,380." The stock was last seen trading 0.21 per cent lower at Rs 1,420.85.
On Monday, BSE Sensex tumbled 825 points, or 1.26 per cent, to end the session at 64,571.88, while Nifty50 tumbled 261 points, or 1.34 per cent, to close at 19,281.75.
Stocks that share market analysts recommended on September 13: Share market analysts have calls on how to trade Bharti Airtel and SBI Life Insurance Company and Vedanta stock. Check share price targets, investment rationale, technical analysis, and more.





