Insurance stocks surge on hopes of FDI limit hike

Reuters Market Eye - Shares in insurance companies surge on hopes that the new government may raise foreign direct investment limit in the sector to 49 percent from 26 percent, multiple dealers say.

Max India surges 8.7 percent, Reliance Capital advances 5.4 percent and Bajaj Finserv gains 4.4 percent.

(Reporting by Abhishek Vishnoi)