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The Stock Market has seen the impact of Israel's attack on Iran, and already ongoing tension in the Middle east. As it is expected to increase oil prices and thereby inflation worldwide, the share market has also reacted adversely.
The retail APE for LIC stood at a negative CAGR of 3.8% while the sector grew at a rate of 9% over two years, with private sector companies growing at 17%.
At about $1 billion, it would be the biggest IPO in the country since Life Insurance Corp. of Indias in 2022, according to data compiled by Bloomberg. That companys shares slumped initially but have mostly recovered.
Union Bank, Maruti Suzuki India, PI Industries Ltd, Karur Vyasa Bank, Data Patterns India, FSN E-Commerce, State Bank of India and Adani Enterprises Ltd were some of the stocks where private life insurers upped exposure in February.
LIC said the income tax department has released Rs 21,740.77 crore on February 15 and that it was pursuing for the balance with the income tax department. The total amount of refund was Rs 25,464.46 crore.