Life insurance stocks gained 7-12% since March 13, driven by market optimism and APE growth. HDFC Life is favored for its diversified portfolio and limited ULIP exposure. The sector faces competition amid 100% FDI plans, potentially impacting margins and premium growth.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.