How Indian Economy Fared in Q4-2008 - 2

… Continued from PART 1 of this series …

@ Equity markets

During November, the benchmark indices (BSE Sensex) corrected by ~7.0%, followed by an increase of ~8% during the month-to-date period (December 01–15), negating the decline in the previous month. However, the volatility in the equity markets has taken its toll on the volumes, which continued to decline in the same period. The volumes in the F & O continued to decline while that in the cash market remained largely stable compared with the previous month.

For December, the month-to-date fund flows indicate that the FIIs have turned net buyers whereas the local mutual funds have remained net sellers. The MF industry continues to feel the heat due to the volatile equity markets. The total assets under management (AUMs) for the MF industry declined by 26.7% yoy in November as compared with a decline of 18.9% yoy seen in the previous month. Meanwhile, the equity AUMs declined by 7.7% sequentially during November vs a 23.9% m-o-m decline in the previous month.

@ Insurance

The growth in the new business premium for the life insurance industry decelerated further to 11.5% yoy in October vs 33.4% yoy in the previous month. The growth momentum in the premium for the private players came down to single digit at 7.0% yoy. Life Insurance Corporation of India (LIC) continued the growth trend for the second consecutive month with a 19.5% yoy increase in its premium (due to a low base in the previous year).

In the non-life insurance business, the industry registered a growth of 3.7% yoy in the gross written premium in October (the lowest in the past 17 months). The growth in the gross written premium of the private players declined sharply to 3.1% yoy from 17.4% in the previous month. Meanwhile the growth for the public sector players further declined to 3.3% in October.

… CLICK HERE for Part 3 of this series …

Tags: Finance, India, Indian economy, Investing, Tips

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11 Responses to “How Indian Economy Fared in Q4-2008 - 2”

Conspirama Says: December 27th, 2008 at 5:51 am

Money Makes Life Delightful » Blog Archive » How Indian Economy ……

How Indian Economy Fared in Q4-2008 - 2 … Continued from PART 1 of this series … @ Equity markets. During November, the benchmark indices (BSE Sensex) corrected by ~7.0%, followed by an increase of ~8% during the ……
Admin Says: December 31st, 2008 at 3:50 am

Hi Conspirama,

Thanks for visiting my site. Happy holidays to you & all my readers!
Saurooon Says: February 5th, 2009 at 3:37 am

Greatings,
Not sure that this is true) but thanks

Thanks
Saurooon
Admin Says: February 5th, 2009 at 4:24 pm

Hi Saurooon,

Thanks for visiting my site. This information is of course true because it is an excerpt from a detailed report by a renowned financial analyst. You are most welcome to share your views!
Bob Says: February 9th, 2009 at 7:48 am

Hi there You did a great job with this blog. I loved How Indian Economy Fared in Q4-2008 - 2
Admin Says: February 12th, 2009 at 5:31 pm

Hi Bob,

Thanks for visiting my site. I am glad that you liked the content. You can also subscribe to my RSS feeds to stay ahead!
Bradley Says: February 13th, 2009 at 11:48 am

Hi. Great job.
Indian Gold Says: February 16th, 2009 at 5:07 pm

Nice educational piece, Just subscribed to your feed.
Admin Says: February 18th, 2009 at 9:14 am

Hi Bradley & “Indian Gold”,

Thanks for visiting my site. I am glad that you liked the content.
Zoran Says: March 16th, 2009 at 2:21 pm

Hi there,
Everything dynamic and very positively!

Thanks
Zoran
AlexAxe Says: April 12th, 2009 at 12:20 am

Greatings,
Thank you! I would now go on this blog every day!

Thank you
AlexAxe