CORRECTED - CORRECTED-India Hot Stocks: Max India gains on insurance biz sta

(Corrects item on Max India to show it was based on a report in the Economic Times and corrects details of stakes based on the report.)

MUMBAI, July 21 (Reuters) - The following stocks were on the move at the BSE on Monday.

At 10:14 a.m. the benchmark 30-share BSE index was up 0.8 percent at 13,741.68 points.

The 50-share National Stock Exchange Index was up 0.7 percent at 4,121.80 points.

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* Max India Ltd (MAXI.BO: Quote, Profile, Research) jumped over over 8 percent after the Economic Times reported the company had repaid an advance from partner New York Life, thereby raising its "economic interest" to 74 percent.

New York Life holds a 26 percent stake and Max India held 74 percent -- 50 percent paid for by Max and the rest funded through an advance from New York Life, the paper said.

Shares were trading at 168 rupees, up 8.32 percent from the previous close.

(10.12 a.m.)