LIC books Rs. 13,500 cr trading profit in Apr-Sep

Life Insurance Corporation of India, has booked a trading profit of at least Rs 13,500 crore from the sale of equity holdings in the first half of the current financial year, as stocks scaled record highs.

The figure marked a 23.8% increase over the Rs 10,900 crore in trading profit that LIC earned in April-September 2016 through investment redemptions, two people with direct knowledge of the insurer’s investment earnings said.