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Defensive sectors like FMCG and pharmaceuticals were in the limelight in 2012, with several stocks in these sectors moving up sharply. The FMCG Index was up 47% and the BSE Pharma Index gained 39% as compared to the broad market indicator BSE Sensex’s 25% up-move. However , according to market pundits, the action may shift away from these sectors in 2013. Read more
As part of its programme to infuse liquidity, the Reserve Bank of India bought Rs 7,912 crore of government securities through open market operations (OMOs) against a target of Rs 8,000 crore. Three securities were on offer for the OMOs conducted. Read more
With the Parliament having approved the Banking Laws Amendment Bill 2011, the work on issuing new bank licenses is expected to pick up pace with the formation of a RBI and finance ministry committee that will look into all the aspects of this move. Read more
The Reserve Bank of India will organise a Financial Outreach Camp later this month at Assam’s Darrang district as part of its initiative to bring the people of remote areas under the ambit of the banking structure. Read more
India’s wholesale inflation cooled to its weakest pace in 10 months in November, a sign the economy may finally be escaping a long period of price pressure and raising the chances of a rate cut in January. Read more
The insurance regulator has come put with a revised set of draft regulations on bancassurance tie-ups. Bancassurance refers to  the arrangement through which banks sells insurance products.
The Insurance Regulatory and Development Authority (IRDA) has suggested banks can sell insurance products by playing either  a corporate agent or a broker to insurance companies. Corporate agents can sell insurance products for only one insurer while  a broker can sell multiple companies’ products. Those opting to be a broker will have to first withdraw from their existing  bancassurance partnership. Read more
The RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8%.
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