Indian equity markets strengthened a bit amid choppy
trade on drastic fall in food inflation. However, investors remained
cautious on worries about the state of the European economy ahead of
reporting season. Meanwhile, weekly primary articles inflation for week
ended December 24 has come in at 0.1% versus 2.7%, food articles
inflation at -3.36% versus 0.42% while fuel group inflation is at 14.6%
versus 14.38%. This strong improvement in the food inflation is
supporting the markets on hopes that the RBI may consider cutting
interest rates in coming policy meeting. On sectoral front, stocks from
capital goods, consumer durables, power, healthcare and automobile
sectors were attracting buyers, whereas those from realty and FMCG
sections are trading weak. On the global front, markets in the
Asia-Pacific region markets were trading mixed. Back home, the market
breadth remained upbeat; there were 1,460 shares on the gaining side
against 767 shares on the losing side while 103 shares remained
unchanged.
The BSE Sensex is currently trading at 15,954.51, up by 71.87 points or 0.45%. The index has a touched a high and low of 15,980.17 and 15,875.08 respectively. There were 20 stocks advancing against 10 declines on the index.
The broader indices were trading in green; the BSE Mid cap and Small cap indices jumped 0.56% and 0.71% respectively.
The top gainers on the index were Capital Goods up 1.44%, Consumer Durables up 0.83%, Auto up 0.82%, Bankex up 0.68% and Power up 0.68% while Realty down 1.09%, FMCG down 0.48% and PSU down 0.16% were the top losers on the index.
The top gainers on the Sensex were Hero MotoCorp up by 2.31%, L&T up by 1.96%, Cipla up 1.89%, Bajaj Auto up by 1.84% and Tata Motors up by 1.47%.
On the flip side, DLF down by 3.10%, HUL down 1.14%, Bharti Airtel down 0.98%, Maruti Suzuki down 0.89% and M&M down 0.57% were the top losers on the Sensex.
Meanwhile, in order to make sure market players' solvency and to determine their ability to meet financial obligations in the event of a financial emergency, the Insurance Regulatory and Development Authority (IRDA) has announced a broadly-defined uniform framework for reporting asset liability management (ALM) activities adopted by life and non-life insurance companies. The new framework will come into force from April this year.
The IRDA guidelines require the ALM policy to be approved by the board of the insurer. Such board-approved policy should be submitted to the IRDA within 90 days. While approving the ALM policy, the board according to IRDA, should take into account the asset-liability relationships, the insurer's overall risk tolerance, risk and return needs, solvency positions and liquidity requirements.
Further, the guidelines also make it obligatory for the board to often review the ALM policy of the insurer. Any change in the policy must be reported to the regulator. The insurers are also required to develop and implement controls and reporting systems for the ALM policies that are appropriate for their businesses and to the risk to which they are exposed. Moreover, the insurers have to put in place an efficient means to observe and manage their asset-liability positions.
On the stress-test part, IRDA has asked the insurance companies to determine their capability to meet financial liabilities after taking into account factors like a 30% fall in equity values and one percentage point decline in yields on fixed investments, among others. The guidelines now also require the insurers to conduct stress test and provide IRDA the details along with the FCR (financial condition report).
The S&P CNX Nifty is currently trading at 4,771.55, higher by 21.90 points or 0.46%. The index has touched a high and low of 4,774.90 and 4,745.50 respectively. There were 33 stocks advancing against 17 declines on the index.
The top gainers of the Nifty were Cairn up by 3.81%, Hero MotoCorp up by 2.17%, IDFC up by 1.95%, L&T up by 1.81% and Bajaj Auto up by 1.79%.
On the flip side, DLF down by 3.05%, GAIL down by 2.54%, HUL down 1.26%, Siemens down 1.18% and Kotak Bank down by 1.16% remained the top losers on the index.
The BSE Sensex is currently trading at 15,954.51, up by 71.87 points or 0.45%. The index has a touched a high and low of 15,980.17 and 15,875.08 respectively. There were 20 stocks advancing against 10 declines on the index.
The broader indices were trading in green; the BSE Mid cap and Small cap indices jumped 0.56% and 0.71% respectively.
The top gainers on the index were Capital Goods up 1.44%, Consumer Durables up 0.83%, Auto up 0.82%, Bankex up 0.68% and Power up 0.68% while Realty down 1.09%, FMCG down 0.48% and PSU down 0.16% were the top losers on the index.
The top gainers on the Sensex were Hero MotoCorp up by 2.31%, L&T up by 1.96%, Cipla up 1.89%, Bajaj Auto up by 1.84% and Tata Motors up by 1.47%.
On the flip side, DLF down by 3.10%, HUL down 1.14%, Bharti Airtel down 0.98%, Maruti Suzuki down 0.89% and M&M down 0.57% were the top losers on the Sensex.
Meanwhile, in order to make sure market players' solvency and to determine their ability to meet financial obligations in the event of a financial emergency, the Insurance Regulatory and Development Authority (IRDA) has announced a broadly-defined uniform framework for reporting asset liability management (ALM) activities adopted by life and non-life insurance companies. The new framework will come into force from April this year.
The IRDA guidelines require the ALM policy to be approved by the board of the insurer. Such board-approved policy should be submitted to the IRDA within 90 days. While approving the ALM policy, the board according to IRDA, should take into account the asset-liability relationships, the insurer's overall risk tolerance, risk and return needs, solvency positions and liquidity requirements.
Further, the guidelines also make it obligatory for the board to often review the ALM policy of the insurer. Any change in the policy must be reported to the regulator. The insurers are also required to develop and implement controls and reporting systems for the ALM policies that are appropriate for their businesses and to the risk to which they are exposed. Moreover, the insurers have to put in place an efficient means to observe and manage their asset-liability positions.
On the stress-test part, IRDA has asked the insurance companies to determine their capability to meet financial liabilities after taking into account factors like a 30% fall in equity values and one percentage point decline in yields on fixed investments, among others. The guidelines now also require the insurers to conduct stress test and provide IRDA the details along with the FCR (financial condition report).
The S&P CNX Nifty is currently trading at 4,771.55, higher by 21.90 points or 0.46%. The index has touched a high and low of 4,774.90 and 4,745.50 respectively. There were 33 stocks advancing against 17 declines on the index.
The top gainers of the Nifty were Cairn up by 3.81%, Hero MotoCorp up by 2.17%, IDFC up by 1.95%, L&T up by 1.81% and Bajaj Auto up by 1.79%.
On the flip side, DLF down by 3.05%, GAIL down by 2.54%, HUL down 1.26%, Siemens down 1.18% and Kotak Bank down by 1.16% remained the top losers on the index.
Most
of the Asian equity indices were trading in the green; Hang Seng was up
0.33%, Jakarta Composite was up 0.27%, Straits Times was up by 0.77%
and Taiwan Weighted was up by 0.68%.
On the flip side, Shanghai Composite down by 0.08%, Nikkei 225 was down by 0.83% and Seoul Composite was down by 0.13%. 
No comments:
Post a Comment