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On July 7, four Nifty500 stocks closed more than 1% above their VWAP levels, indicating improving buying interest and positive intraday sentiment. A close above the Volume Weighted Average Price is often viewed as a short-term bullish signal, reflecting sustained demand and the potential for further upside, according to technical scan data.
India’s war-risk insurance pool faces its first real-world test
India’s new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This incident marks the pool’s initial test amid regional tensions. The claim is currently being assessed for payout within the pool’s capacity. Government backing provides an additional layer for larger potential losses.
