Shares of Life Insurance companies took a dip, falling as much as 8% on the BSE on Thursday after reports suggested that the insurance regulator IRDAI is considering limiting a parent bank’s contribution to an insurer’s total bancassurance business.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The