business π Indian markets dip as insurance stocks drop
Indian benchmark indices opened in the red, with the Nifty dropping nearly two hundred points towards 23,200. Financial and banking sectors led the downturn due to rising crude oil and bond yields. Insurance stocks faced severe selling pressure after the regulator drafted norms to tighten commission caps from FY 2028. Meanwhile, the FSSAI started penalizing major quick-commerce platforms like Amazon and Swiggy Instamart. Primary market activity remains a key focus ahead of the National Stock Exchange listing. π