India insurers boost cash, stress test stocks on market swings

The insurance unit of India’s largest bank has increased its cash holdings since the start of the year to 5% currently. Gopikrishna Shenoy, chief investment officer at SBI Life Insurance Company Ltd., said the equity market is currently looking expensive and SBI Life is being selective, buying shares of strong businesses when their prices dip.

from Hindustan Times - world https://bit.ly/3drCSEc
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