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To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)
For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
Contact us
To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)
For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
Dear Policyholder,
During the month of April, Indian equities registered strong gains as NIFTY jumped 4% outperforming the emerging markets with MSCI EM down 1%. Developed markets stabilized in April after the correction seen in March driven by liquidity challenges faced by US regional banks. The FII equity inflow in April 2023 (till 27th) was about US$1.1bn as against US$1.8bn in March 2023. On the other hand, DII saw an equity inflow of about only US$0.27bn in April 2023 (till 28th), as against the previous month strong inflow of US$3.7bn. In India, the high frequency indicators (like E-way bill, GST collection, loan growth, electricity demand etc) suggest healthy level of economic activity. IIP growth continued its consistency with February IIP growth at 5.6% as against 5.5% in January 2023 amid the fading of adverse base effects. The 3-year CAGR of IIP, however, remains muted at 1.1% in February, with recovery also highly uneven across the manufacturing sector.
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