Insurance scrips trade mixed after FDI cap hike announcement
July 10, 2014 13:28
Shares of companies that run insurance business saw mixed trend at the BSE after finance minister Arun Jaitley on Thursday proposed raising the Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent.
Max India was down 1.93 per cent and Reliance Capital shares were trading 1.32 per cent lower on the BSE. Shares of Religare Enterprises was down 1.96 per cent while HDFC was quoting almost flat. On the other hand, shares of Aditya Birla Nuvo was up 2.03 per cent and Bajaj Finserv gained 1.28 per cent.
Max India was down 1.93 per cent and Reliance Capital shares were trading 1.32 per cent lower on the BSE. Shares of Religare Enterprises was down 1.96 per cent while HDFC was quoting almost flat. On the other hand, shares of Aditya Birla Nuvo was up 2.03 per cent and Bajaj Finserv gained 1.28 per cent.
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