Life Insurance Corporation (LIC) of India earned a profit of Rs 6,542.72 crore from investments in stock market in the first seven months, that is, April to October 2011.
During April-October period of 2011, LIC invested Rs 21,294.80 crore in the equity market of which they earned a profit of Rs.6,542.72 crore. However, the investment in the stock market previous year wasn’t as high as it was in the year before last. LIC invested Rs 43,213.60 crore in the stock market in 2010-11 against Rs 61,398.13 crore in 2009-10.
The profit booked from the investments in equity market stood at Rs 17,055.36 crore in the last fiscal as compared to Rs 9,432.25 crore in 2009-10.
