Retail investors can consider buying General Insurance Corporation shares in the ₹4,701-crore offer for sale on Thursday. Analysts suggest long-term holding for potential gains. The government is selling 6.78% of its stake, reducing its holding to 79%. GIC shares have risen 27% in 2024, outperforming the Nifty 500 index.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction