State run Life Insurance Corporation of India (LIC) is
expected to emerge as a crucial life-line for Indian share markets, that had
been one of the worst performing markets globally in 2011. LIC is planning to
achieve the investment target of Rs 1.9 lakh crore during the current fiscal
ending March 2012.
The country's leading insurer has already invested Rs 1.25 lakh crore between April and November 2011, said its acting chairman to a business media.
Indian benchmark indices slipped over 20 per cent in calender year 2011 on account of huge capital outflow from foreign investors as well as weak domestic market conditions. FIIs were net sellers of Rs 2812.1 crore equity during 2011, while they were net buyers of Rs 133,266 crore equities in 2010 calender year.
The country's leading insurer has already invested Rs 1.25 lakh crore between April and November 2011, said its acting chairman to a business media.
Indian benchmark indices slipped over 20 per cent in calender year 2011 on account of huge capital outflow from foreign investors as well as weak domestic market conditions. FIIs were net sellers of Rs 2812.1 crore equity during 2011, while they were net buyers of Rs 133,266 crore equities in 2010 calender year.
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