LIC to invest Rs 40k crore in equities in FY14: Chairman
Oct 18 2013 , Mumbai
The LIC chairman also said it had invested in IT and pharmaceutical stocks, while banks, infrastructure, housing and automobile sectors were also of interest to the insurer.
LIC is a major investor in domestic equities.
Analysts in a Reuters poll predicted that India's benchmark index will eclipse the January 2008 life high of 21,206 by June next year.