According to reports, Canada Pension Fund was to sell its 0.56 per cent stake in the company in a price band of Rs 1,039 - Rs 1,077
SBI Life shares settled 5.7 per cent higher at Rs 1,120, whereas HDFC Life 7.0 per cent up at Rs 560
According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move
However, total income declined to Rs 20,458.31 crore in the quarter under review from Rs 26,551.90 crore in October-December 2020 period
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
Infosys, Tata Consultancy Services (TCS) and Tanla Platforms from the IT sector hit their respective new highs today.
SBI Life is the best play to ride the upturn in the insurance sector, analysts say
Industry is on the recovery trail; annual premium equivalent up 11 per cent in August versus the two-year average
In case the demand is strong, it has the option to sell its entire holding
SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
Hindustan Petroleum Corporation reported a 36 per cent YoY drop in its June quarter net profit
The insurer's claims rose 1.28x by volume from FY21 to Q1FY22. In Q1, it has settled 8,956 covid claims, amounting to Rs 570 crore
SBI Life Insurance, HDFC and HDFC Bank attracted maximum inflows from mutual funds
CA Emerald Investments, an affiliate of Carlyle Asia Partners, sold a total of 4.23 million shares for Rs 4,061 crore
General and standalone health insurers have received 938,640 claims related to Covid-19 till March 15, says Suresh Mathur
With this, the shareholding of the French insurer has come down to 0.2 per cent in SBI Life
The French insurer held a 5.20 per cent stake in SBI Life before selling a major part of its stake in the company
HDFC Life is continuously holding the support of 50-DMA, currently place at Rs 702 mark