Sensex drop down below 140 points or change of [-0.49%] trading at 28789.55 rs including Axis Bank, Bajaj Auto, Cipla, Gail, HUL. On the other CNX Nifty trading at 8728.05rs below 47 points or a change of [-0.55%] with decrease shares of ACC, Bank of Baroda, BPCL, Cipla, Cairn India.
After Rajya Sabha members approved the insurance bill to permit from 49% to 29% FDI in insurance sector, Insurance regarding stocks such as Max India, Reliance capital, Bajaj Fineserv., Exide rallies upto 6.7%. The Insurance Laws (Amendment) Bill had been lapsed the Lok Sabha earlier this month however saw opposition within the higher House, wherever the govt. lacks a majority.