Going forward, increasing life expectancy, favorable savings and greater employment in the private sector is expected to fuel the demand for pension plans, which will act as a catalyst for this sector.
Ashwani Gujral of ashwanigujral.com advises buying HDFC Life with stop loss at Rs 625 and target of Rs 650.
BSE Smallcap index declined 9 percent, BSE Midcap index down 2 percent, while BSE largecap index added 10 percent in last one year.
Experts feel Diwali 2019 to Diwali 2020 period could be an exciting phase for the markets, expecting the market to return 15-25 percent.
The government's push has gradually increased insurance penetration in the country and has led to a proliferation of insurance schemes.
Earnings are unlikely to pick up unless there is a meaningful recovery in the economy. But, many stocks are available at attractive valuations which have sound fundamentals.
Umesh Mehta, Head of Research, Samco Securities said the first year of any government is generally turbulent and it may not really cheer the stock market
But not all earnings are bad in June quarter, there are few stocks which brokerages upgraded their rating either on hope of further growth or worth seems to have priced in.
We expect the current market momentum to carry forward, which could lift the Nifty towards the 11,700-11,720 levels
The chart pattern suggests that if Nifty crosses and sustains above 11,880 then it would witness buying that could take the index towards 11,950-12,030
In case of banks, Morgan Stanley believes asset quality and loan growth are expected to be strong which will drive their earnings going ahead, especially after facing problem on asset quality front for past several quarters.
In 2019 so far, the Sensex and Nifty rallied 10 percent each while the BSE Midcap index fell 3 percent and Smallcap index lost 1 percent.
The weekly strength indicator RSI and momentum oscillator Stochastic have turned positive and are above their respective reference lines indicating positive bias in Nifty
In the March quarter, the most popular stocks performed the worst, failing to beat the benchmark; whereas neutral to moderately popular stocks delivered the second best return
The broader markets, which had been underperformer for many months, turned outperformers in last one month rally.
Among the large-caps investors can focus on select stocks from sectors like banks, select pharmaceuticals, IT services, metals & mining, and oil & gas, said the report.
Traders should keep watching lower time frame oscillators like RSI on hourly price for early indication of the side in which breakout will ultimately happen
The equity market is expected to witness positive momentum for a couple of sessions ahead of festive season, experts said.
"We couldn't see major downfall due to improvement in trade deficit & rupee appreciation. However volatility may persist in the market," Manali Bhatia of Rudra Shares & Stock Brokers said.
If you do not understand the company or market sentiments, do not buy individual companies, but Invest in a mutual fund.
The management sees healthy growth in insurance industry as it remains a preferred pool of household savings.
Investor looking for a high quality business with consistent earnings growth, this stock offers the best in class investment opportunity to buy at the current levels, says Prashanth Tapse of Mehta Group.
Rajiv Trust (promoter) bought 25,639 shares of Bajaj Holdings & Investment through market purchase on July 30, 2018 while Rajpal Singh Kochhar (promoter) bought 1,200 shares of Jagsonpal Pharmaceuticals through market purchase on July 30, 2018.
Bajaj Auto stock was bought by Kevin Dsa (officer & relatives) to the tune of 500 shares through market purchase on July 25 and Shishir Jaipuria bought 61,933 shares of Ginni Filaments through market purchase from July 20 to July 25, 2018.
The Nifty closed above 11,200 levels, which has opened target towards 11,350-11,450 levels on the Nifty, technical chartists said.