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#832 Daily Money Show | Money Purse Stock Market News
Takeaway
IRDAI's higher surrender-value rule from Sept 30, 2024 protects policyholders from heavy losses on early traditional-insurance exits.
Summary
- Sensex closed at 76,810 (+204); Nifty at 23,398 (+75); India May CPI dropped to 4.75% (vs 4.83% prior), beating expectations
- US Fed kept rates unchanged but signaled only 1 rate cut for the year (vs multiple cuts previously expected)
- IRDAI new rule effective Sept 30, 2024: higher surrender values (~78%) for traditional life insurance policies even after 1 year - previously low/zero refund
- HDFC Life, SBI Life, ICICI Prudential, LIC margins may face ~100 bps pressure; long-term positive as overhang clears
- Heritage Foods correction explained as profit-booking after election-result rally (TDP government formation in AP); no fundamental issue
- GST Council meeting June 22 to discuss bringing gas, petrol/diesel under GST and fertilizer sector GST changes
irdaiinsurancecpi
Original description
DMS 832 Date : 13/06/2024 To support our channel use the link below IDFC free Credit Card (Free) - https://wee.bnking.in/ZTFkZTc1 AU Credit Card (Free) https://wee.bnking.in/NmZkNGQ4 You can compare Term Insurance here 👉https://bit.ly/46hsSJA You can compare Health Insurance here 👉 https://tinyurl.com/pgc9dcxc TELEGRAM: https://telegram.openinapp.co/money-purse You can learn Basics of Stock markets for beginners, How to do Fundamental Analysis of a stock or any company, Expert Interviews, Financial Planning, Tax planning , Daily Stock Market News and many more for free in our channel Get free Knowledge and learn how to be a pro in Stock Market Investments and your Personal Finance. Stay In Touch👇 Also connect with us on👇 📷Instagram: https://www.instagram.com/moneypurseadv/ 🕊Twitter: https://twitter.com/Moneypurseadv 📱Facebook: https://www.facebook.com/moneypurseadv/ Thanks for watching.. Team Money Purse 00:00 Market update 01:36 GOOD NEWS FOR INSURANCE POLICY HOLDERS 04:04 HERITAGE FOODS STOCK UPDATE 05:44 FOCUS THESE STOCKS 06:53 DEFENCE STOCK UPDATE 07:38 BIG CRASH IN STOCK MARKET 09:00 SUGAR STOCKS & PRAJ UPADTE 10:05 PAYTM STOCK UPDATE 11:21 TATA POWER UPDATE 11:54 GENSOL ENGINEERING STOCK UPDATE 12:20 REDTAPE STOCK UPDATE 12:55 SOBHA STOCK UPDATE 13:32 AURIONPRO STOCK UPDATE 14:02 MAHINDRA FINANCE STOCK UPDATE 14:36 CAMS STOCK UPDATE 15:15 GPT INFRA STOCK UPDATE 15:28 PAKKA LTD STOCK UPDATE 15:47 BLOCK DEAL L&T STOCK UPDATE 16:10 POWERMECH PROJECTS STOCK UPDATE