Indian Stock Market Analysis and Updates

Max India gains 1.5 pct, Bajaj Finserv up 0.4 pct, Aditya Birla Nuvo rises 0.3 pct.Relative valuations after HDFC Life deal and optimism over insurance sector reforms help.Stake sale in HDFC Life happened at a premium to rivals'valuations - dealers.HDFC said on Monday it will sell up to 0.95 pct stake in HDFC Standard Life Insurance to Azim Premji Trust.

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