
Insurance stocks came under pressure on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) proposed changes to insurance distribution.
Shares of IFCI and New India Assurance surged up to 53% in the last two months, only to erase gains amid the NSE IPO launch. Tech analysts decode strategy in these two stocks.

Insurance and financial stocks face pressure as IRDAI proposes reforms affecting commissions and expense management, drawing brokerage scrutiny.
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.