Aug 6, 2026
✦Economic Times
How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks
LIC gained Rs 21,032 crore in mark-to-market profits from three top IT stocks in just 35 days. The insurer bought shares of TCS, Infosys, and HCL Technologies during the June quarter. This move paid off as the IT sector rallied, reversing earlier investor fears about the impact of artificial intelligence.