LIC increases stakes in SBI, Sun Pharma, HCL
pre-market1 source ↓written by the desknot a recommendation
- investing
- ₹21,700 crore
- portfolio value fell
- 1.7%
- amid significant foreign
- ₹16.09 lakh crore
Life Insurance Corporation of India (LIC) raised its stakes in State Bank of India, Sun Pharma, and HCL during a challenging quarter for Indian equities, investing over ₹21,700 crore. Despite this, LIC's overall equity portfolio value fell 1.7% to ₹16.09 lakh crore amid significant foreign institutional outflows. This shift may influence market sentiment as LIC remains a key player in the domestic market.
Not investment advice. For informational purposes only.