Read more about Insurance stocks advance after FM proposes higher FDI limit on Business Standard. Shares of six insurance companies added 3% to 5% after the central government proposed to amend Insurance Act to allow higher foreign direct investment (FDI) in insurance companies.
The BSE Sensex rose over 2,000 points in intraday trade and NSE Nifty breached 14,000 levels as investors cheered the Budget proposal to raise FDI limit in insurance to 74 per cent, scrappage policy for auto stocks, as well as privatisation of two nationa
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Union Budget 2021: Insurance Stocks Zoom Up To 12 Percent As Centre Proposes To Increase FDI Cap In Sector
The central government has proposed to increase foreign direct investment (FDI) limit in the insurance sector to 74 per cent.
Representational Image Outlook Web Bureau 2021-02-01T14:35:31+05:30 Union Budget 2021: Insurance Stocks Zoom Up To 12 Percent As Centre Proposes To Increase FDI Cap In Sector outlookindia.com 2021-02-01T14:38:56+05:30
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The insurance sector is in for some good news as the central government has proposed to increase foreign direct investment (FDI) limit in the insurance sector to 74 per cent.
Budget 2021: Insurance stocks gain as FDI limit raised to 74%; ICICI Prudential, GIC up 5%
Reacting to the news, shares of ICICI Prudential Life Insurance Company rose 5.8 per cent, followed by General Insurance Corporation of India (up 5.41 per cent), The New India Assurance Company (up 5.16 per cent), HDFC Life Insurance Company (up 4.46 per cent), ICICI Lombard General Insurance Company (up 3.68 per cent), SBI Life Insurance Company (up 3.49 per cent), among other gainers
BusinessToday.In | February 1, 2021 | Updated 12:28 IST
Finance Minister Nirmala Sitharaman announced hike in FDI limit for insurance sector to 74%
Shares of insurance companies surged up to 5 per cent on the BSE after Finance Minister Nirmala Sitharaman, in her Budget 2021 speech in the Parliament, announced hike in foreign direct investment (FDI) limit in the sector to attract more foreign funds. The FM proposed increasing the FDI limit in insurance to 74 per cent in the Budget 2021. Currently, the FDI lim
Budget Day Gainers & Losers: Top 10 stocks that moved the most on February 1
Except pharma, all other sectoral indices ended with gains of 1-8 percent each. BSE Midcap and Smallcap rose 2-3 percent each. February 01, 2021 / 07:32 PM IST Benchmark indices broke the six day losing streak and gave a thumbs up to the measures announced in the Union Budget 2021 by the Finance Minister Nirmala Sitharaman. At close, the Sensex was up 2,314.84 points or 5% at 48,600.61, and the Nifty was up 646.60 points or 4.74% at 14,281.20. Here are 10 stocks that moved the most: Banking stocks rally | Banks rallied the most on February 1 after Finance Minister Nirmala Sitharaman said the government would infuse Rs 20,000 crore into public sector banks (PSBs) in 2021-22, to meet the regulatory norms. The Finance Minister announced the setting up of an entity to address the stressed assets of banks. An organization will be set up through an Asset Reconstruction Company (ARC) model, she said