Insurance stocks swings up
Friday, July 3, 2009 3:06 pmBy ShareGyan.com NewsDesk
Bajaj Finserv, Reliance Capital, ICICI Bank, State Bank of India, Aditya Birla Nuvo rushed up.
Nevertheless, Max India was low with 1.71%.
The yearly Economic Survey given by the finance ministry in Parliament on Thursday suggested a growth in the insurance sector in foreign direct investment limit to 49% from 26% at present.
Aditya Birla Nuvo owns 74% in Birla Sun Life Insurance Company. Reliance Capital owns 100% in Reliance Life Insurance. Bajaj Finserv owns 74% in Bajaj Allianz General Insurance. ICICI Bank owns 74% in the ICICI Prudential Life Insurance Company. State Bank of India owns 74% in the SBI Life Insurance Company.
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