Market data shows LIC ownership went up in at least 40 stocks and trimmed holdings in 75 other counters. LIC’s stake rose 409 bps in fertiliser-maker Kothari Industrial Corporation, 301 bps in Tata Chemicals, 240 bps in SAIL, 173 bps in Bata India and 164 bps in IEX.
Any big market correction unlikely; large pool of foreign money waiting on sidelines: Mahesh Nandurkar
We got investor participation from 20 different countries, which is the widest participation that we have ever received. So that goes to show the foreign