Insurance cos help stem mkt slide

Insurance companies have chipped in to stem the slide of domestic benchmark indices, which have been in a free fall mode this month. This is even as both domestic mutual funds and foreign institutional investors (FIIs) are on a selling spree. FIIs have sold equities worth Rs 4,955 crore in May, while mutual funds have been net sellers of equities worth Rs 930 crore, according to data released by the exchanges. In contrast, domestic institutional investors (DIIs) purchased equities worth Rs 4,103 crore. This means it s largely the insurance companies which have been net buyers of shares this month. Generally, ...

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