Shares in insurance companies surged on hopes that the new government may raise foreign direct investment limit in the sector to 49 per cent from 26 per cent, multiple dealers said.
Shares in insurance companies surged on hopes that the new government may raise foreign direct investment limit in the sector to 49 per cent from 26 per cent, multiple dealers said.
Max India surged 13 per cent, Reliance Capital advances 4.6 per cent and Bajaj Finserv gained 5 per cent.
Copyright: Thomson Reuters 2014
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