Shares of several West Bengal companies saw gains on Monday. This followed the BJP’s victory in the state assembly polls. Companies like CESC, McLeod Russel India, Dhunseri Tea, Bandhan Bank, and Emami experienced share price increases. Analysts suggest this is a sentiment-driven rally. They advise waiting for policy clarity from the new administration.
IRDAI clears investments in private companies, eases infrastructure funding norms
IRDAI has expanded insurers’ investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, reverse repo and government securities lending transactions.