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cams targets growth in electronic insurance accounts to increase market share
CAMS is focusing on expanding its Electronic Insurance Account (EIA) business following a partnership with the Life Insurance Corporation of India (LIC). Managing Director Anuj Kumar highlights the significant growth potential in the insurance repository sector, emphasizing that a larger number of EIA accounts can drive market share. Since individuals can hold only one EIA, this digital account is crucial for capturing market presence.
NSE adds 45 new stocks to futures and options trading segment
The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
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