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Market move▼ Bearish for Indian equities
Oil, US yield surge, insurance shake-up spur Nifty, Sensex market sell-off
The brief
- Financial services bore the brunt of the market sell-off
- The sell-off exposes Indian financial-services and insurance stocks to pressure
- Mint explainer: can a new digital portal change how India insures its livestock?
- SBI Life Or LIC? JPMorgan Bets On Low-Cost Insurers Amid IRDAI's Distribution Reset: Top Picks
- IRDAI’s proposed distribution reforms can drive a mutual fund-like transformation in insurance, as SEBI did in 2009, says Kamesh Goyal, Go Digit chairman
- All isn’t well with India's insurance sector: Irdai's proposals could address what ails it
- a16z’s Raghu Raghuram on India’s AI potential; insurance cos navigate new proposal
Indian equities’ weekly losing streak
Indian equities recorded their longest weekly losing streak since the 2020 Covid-19 crash, with the Nifty 50 down 0.88% over the week. Financial services stocks were hit amid concerns over IRDAI reforms, rising US yields and oil-market moves.
Saturday, 26 September
Friday, 25 September
- Oil, US yield surge, insurance shake-up spur Nifty, Sensex market sell-off