archived as published
Monday, 5 October · prices through NSE close
Foreign portfolio investors sold Indian equities worth Rs 35,861 crore on a net basis in September, reversing previous month inflows, with Rs 19,273 crore withdrawn in the final seven trading sessions. On October 1, foreign institutional investors sold Indian equities worth a net Rs 9,484.22 crore, while domestic institutional investors bought equities worth a net Rs 10,041.84 crore.
The Insurance Regulatory and Development Authority of India proposed sweeping changes to insurance distribution, commissions, and expense structures. PB Fintech shares declined following the proposal, with insurance stocks experiencing heavy selling as the regulatory changes affect how insurers and distributors earn from policies.
Reliance Industries announced a ₹1 lakh crore investment in Andhra Pradesh to set up a network of compressed biogas plants. The company projects the initiative will create over 3 lakh jobs and generate nearly ₹60,000 crore in revenue for the state over the coming decades.
The Insurance Brokers Association of India raised concerns that the Insurance Regulatory and Development Authority of India's proposed distribution reforms, including tighter commission caps and lower expense limits, could put at least one million livelihoods at risk over the next five years, affect distribution reach and competition, and revive unethical business practices. The IRDAI released a consultation paper titled 'Recalibrating Economics of Insurance Distribution' proposing a reset of how policies reach customers, with Chairman Ajay Seth stating the reforms aim to correct the economics of the insurance sector.
New here? The reader's guide explains every page, plate by plate.
fregime is informational research software. Content on this page is factual reporting compiled from cited public sources; nothing here is advice, and nothing here expresses an opinion on any security. fregime is not registered with SEBI as an investment adviser or research analyst. Before making investment decisions, consult a SEBI-registered adviser. Price figures are delayed end-of-day values cited to the exchange's published file, never live quotes.