Although many feel that Brexit may drag UK into a recessionary phase, few are optimistic that next catalyst for the market would be political developments in Europe as well as central bank activity globally. On Friday, the day of Brexit referendum results, the benchmark Sensex lost nearly 1,100 points intra day before closing 604.51 points lower. Investors’ wealth in stock market took a hit of nearly Rs 1.8 lakh crore on that day..

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Over the past two years, the big players in the Republic’s car insurance market have talked up price increases while consumers picked up the tab. They were hit with premium hikes of about 25 per cent last year and face even bigger increases this year. Many will pay more than 400 more for a comprehensive policy in 2016 than they did two years earlier.