The share of FIIs was down by 51 bps quarter-on-quarter (QoQ), resulting in the gap between FII and DII holdings narrowing further to an all-time low in this quarter. The DII holding is now just 9.23% lower than the FII holding.
LIC s m-cap crossed the Rs 7 lakh crore mark for the first time on Thursday to become India s fourth largest stock by beating ICICI Bank and Infosys. The value of LIC shares is now double that of its next 3 listed competitors - HDFC Life (Rs 1.3 lakh crore), SBI Life (Rs 1.49 lakh crore) and ICICI Prudential Life Insurance (Rs 76,000 crore).
LIC s stock climbed 1.9% on Tuesday, to close at its highest level since its IPO in May 2022. The climb over the past 10 months has coincided with a broader surge in Indian equities thats added some $30 billion to LICs market value.
LIC, a major investor in the Adani Group, booked profits by reducing stakes in Adani Energy Solutions, Adani Enterprises, and Adani Ports during the December quarter. They sold 3,72,78466 shares of the three Adani companies and bought 4,500 shares of Ambuja Cements.
India News: The Life Insurance Corporation of India has informed stock exchanges that it has received a refund order for Rs 25,464 crore, but faces three income t