HDFC Life among other insurance stocks slide up to 3.5% amid 100% FDI buzz

Indian insurance sector stocks like HDFC Life and ICICI Prudential dipped after reports emerged that the government might permit 100% foreign direct investment in the industry. This move, expected to be tabled in the winter session of Parliament, could pave the way for global players to enter the market independently and allow agents to sell policies from multiple companies.