crude oil price This week will see the Sensex collide between 31777 to 30777 and the Nifty spot 9333 to 9111. crude oil price This week will see the Sensex collide between 31777 to 30777 and the Nifty spot 9333 to 9111. - Top 9 Business news

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Sunday, May 17, 2020

crude oil price This week will see the Sensex collide between 31777 to 30777 and the Nifty spot 9333 to 9111.

Rising crude oil prices as global lockdown eases

sher Market

With the announcement of massive stimulus packages by many countries in the wake of the Corona epidemic,All eyes are now on what the fourth round will look like after the third phase of the lockdown, which is coming to an end on May 17, 2020 in India. many countries have started offering huge relief in lockdowns to get the economy back on track, with the Modi government in the economic crisis Announced and three different parts to Finance Minister Nirmala Sitaram It has announced concessions for agriculture, MSMEs, real estate and other sectors, but the stimulus package does not provide much-needed incentives to industries and signals that the new central government's new economic policies will shift towards self-reliance. Have done. This protectionist policy and the protracted lockdown in metropolitan areas with stringent conditions are likely to increase the offloading of funds in bullish stocks. So caution will be required to follow the index based rebound.

Crude oil prices rise again as global lockdown eases: India looks at fourth-round lockdown guidelines

The fourth round of nationwide lockdown is set to begin on May 18, 2020, with the slowdown in industrial and economic activity in India, including Europe and the United States. With the onset of global economic-industrial activity and cuts in crude oil production by OPEC countries, crude oil prices have risen to 32.50 for Brent crude and 29.43 for Nymex crude. So the market will also keep an eye on crude oil prices next week.

Look at the results of Bajaj Auto, Dr. Reddy's Lab., Ultratech Cement, Bajaj Finserv, Bajaj Finance
With next week's corporate results season, Bajaj Finance's May 19, May 2020 results, May 20, May 2020's Bajaj Auto, Dr. Reddy's Laboratories and Ultratech Cement's results as well as May 21, 2020's Bajaj Finserv, Bajaj Holdings and Hind The results will be monitored. On the global front, Japan's industrial production figures for March will be released on May 19, 2020, while the manufacturing, services and composite PMI in the US will be released on May 21, 2020. Between these factors-events the new week will see the Sensex collide between 31777 to 30777 and the Nifty 9333 to 9111.

Dark Horse: HDFC LIFE INSURANCE CO. LTD.

BSE (540777), NSE Listed, Rs.10 Paid-up, India's largest private sector life insurance company (in terms of first year premium consolidation) HDFC Life Insurance Company (name changed from HDFC Standard Life Company to HDF). Is one of the most profitable life insurers based on the value of business margins. In the year 2000, HDFC (one of India's leading housing finance institutions) and Standard Life Aberdeen Plaque, one of the largest investment companies in the world. In the meantime, as a joint venture, Standard Life Insurance Company, a wholly owned subsidiary, and Standard Life Mauritius, now a wholly owned subsidiary, have been established. The company currently owns 51.45% of HDFC Limited and Standard Life Mauritius holds 14.73%. The company has a strong network of 421 HDFC Life offices. This is followed by 270 partnerships including NBFCs, MFIs and SFBs. The company has more than 97000 agents. At the end of the third quarter, the company had accumulated a total premium of Rs 8001 crore. This includes a 16 per cent increase in new business premiums and a 14 per cent increase in renewable premiums.

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