BEAMSTART Logo

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash

Business Standard LogoBusiness Standard2d ago

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash - Business Standard

Quick Summary:

We also like consumer companies that benefit from the recovery in rural demand or are tapping into the overseas market,” said Herald van der Linde, head of equity strategy for Asia Pacific at HSBC.

A large portion of the fall is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25.

Information technology (Rs 8,981 crore), infrastructure (Rs 8,313 crore), power generation (Rs 7,193 crore) and pharmaceuticals (Rs 4,591 crore) are other sectors, in which LIC lost over Rs 4,000 crore in value during the period.


More Pictures

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash - Business Standard (Picture 1)

or

Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 10:27:45 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 715 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26265958

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 367 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash" has 715 words across 28 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash" was covered 2 days ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 367 news stories per day.

It's most recent story was published 3 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26265958
  • URL: https://beamstart.com/news/lic-suffers-rs-84000-crore-17399419872173

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.