Life insurance sector outlook: Morgan Stanley believes the insurance industry could look to manage by sharing the hit with distributors (lower commissions and/or trail commission structure).
Maruti Suzuki India, HCL Technologies, Bajaj Finserv, SBI Life Insurance Company and Shriram Finance would be announcing their quarterly earnings later today.
HDFC Life and Max Life are expected to react more favourably to the fresh development. Nomura said the IRDAI decision is expected to mitigate ambiguity within the sector and could prompt a positive upswing.