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Stock Market Live Updates: Sensex jumps over 300 points, Nifty above 15,500 led by metals, FMCG stocks

Market Watch: Aditya Agarwala of Yes Securities   - Muthoot Finance is a buy with a stop loss of Rs 1,250 and a target price of Rs 1,350. - Lupin is a buy with a stop loss of Rs 1,165 and a target of Rs 1,300. Divi's Labs shares jump 4% to hit new high on strong Q4 The share price of Divi's Laboratories jumped 4 percent to hit a new high on Monday after the drug maker reported robust results for the March quarter. The company's net profit rose 24.5 percent in Q4 to Rs 488 crore as compared to Rs 392 crore in the same quarter last year. Revenue from op...

Shuttered courts led to increase in settlements

Court closings forced by the COVID-19 pandemic indirectly impacted some insurance claims disputes by eliminating an important path to resolution, lawyers say. With courts unable to open due to state restrictions, binding arbitration has become a more compulsory way to resolve disputes, said Robert Blasio, general manager of Gallagher Bassett Specialty, who is a trained attorney. "It got us thinking of alternative ways" to resolve cases and disputes, he said. Binding arbitration, often conducted over video, provided a "safe and convenient environment and enabled the case to be resolved," he said. While not all clients were open to arbitration, "we had many scenarios in which to resolve cases". Especially in the early days of the pandemic, there was "a lot of rush to resolve cases" due to the uncertainty caused by lack of access to justice, said Patrick Kennell, co-chair of insurance coverage in New York and litigation practice at Kaufman ...