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Insurance stocks surge on hopes of FDI limit hike
June 4, 2014 / 7:28 AM / in 4 years

Insurance stocks surge on hopes of FDI limit hike

Reuters Market Eye - Shares in insurance companies surge on hopes that the new government may raise foreign direct investment limit in the sector to 49 percent from 26 percent, multiple dealers say.

A shareholder speaks on a mobile phone while attending the annual general meeting of Reliance Capital in Mumbai September 27, 2011. REUTERS/Danish Siddiqui/Files

    Max India (MAXI.NS) surges 8.7 percent, Reliance Capital (RLCP.NS) advances 5.4 percent and Bajaj Finserv (BJFS.NS) gains 4.4 percent.

    Reporting by Abhishek Vishnoi

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