The share of Unit-Linked Insurance Plans (ULIPs) is likely to rise, in lockstep with the surge in stock indices, slowing the growth in Value of New Business (VNB) margins.
Market Outlook for 2025: Nifty faces tough resistance at 23,780, says Rohit Srivastava
So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly