India's insurance stocks gain as budget proposes increase in foreign direct investment

Icici Prudential Life Insurance

01/02/2025 06:22

** Indian insurance stocks rise between 2%-5% as government
proposes to raise foreign direct investment limit in insurance
sector to 100% in annual budget
    ** ICICI Prudential Insurance  ICIR.NS  up 3.3%, ICICI
Lombard  ICIL.NS  up 2%, HDFC Life  HDFL.NS  up 2.8%

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))