LIC’s record profit booking is a positive signal for the market if the insurer enhances its stock market investments at the same time. LIC bought equities, including shares and mutual funds, worth Rs80,000 crore in FY18. Photo: Ramesh Pathania/MintMumbai: State-run insurer Life Insurance Corporation of India (LIC) booked record equity trading profits of Rs25,000 crore in 2017-18, up from Rs19,000 crore a year ago, said two people aware of the matter. In 2015-16, LIC had booked Rs11,000 crore profit from equities trading. LIC’s record profit booking is a positive signal for the market if the insurer enhances its market exposure at the same time.

Source: Mint April 16, 2018 13:50 UTC