Insurance stocks jolted: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday proposed a phased reduction in the expenses of management (EoM) limits for insurers.

Among the top Nifty50 gainers at midday, HDFC Life Insurance was the standout performer, rising 3.61% to ₹628.25 against a previous close of ₹606.35, after opening at ₹611