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September WPI inflation came in at 8.6% yoy, higher than the 8.5% yoy in August. This was higher than the consensus expectation of 8.5% yoy. Similar to past trends, July inflation was revised up to 10.3% from 9.8% reported earlier. Going forward, while we expect the base effect to result in a moderation in the numbers to 6% by year end.
Primary articles which inched up to 17.5% from 15.8% levels last month. This was due to both food (mainly fruits and milk) and
In line with expectations, life insurance industry’s new business volumes in the individual new business segment remained strong, growing 36% Y-o-Y and 23% M-o-M, in August 2010.
In the individual new business segment, while LIC, ICICI, and HDFC improved WNRP industry market share (YTD) by 3.8 percentage points, 1.5 percentage points, and 0.7 percentage points, respectively, Bajaj Allianz (1.8 percentage points), Birla (1.25 percentage points), SBI (1.26 percentage points) and Reliance (0.31 percentage points) lost significantly. At 5mFY11 end, private insurers’ market