HDFC Life stock jumps ~5% on IRDAI consultation and anchor buying

HDFC Life Insurance Co. Ltd. (NSE:HDFCLIFE) rose about 5% to ₹557 after markets parsed an IRDAI consultation paper that could trim distributor payouts. Anchor demand totaled 6,060,744 NSE shares worth ₹149.99 crore, or 16.04% of anchor allocation.