LIC to invest Rs 1 lakh crore in stock market in 2009-10

State-run life insurance major LIC will invest Rs 1 lakh crore in the equity market in the current fiscal, up from Rs 35,000 crore during 2008-09. It has already invested Rs 40,000 crore in the stock market in the first four months of the current fiscal.

Such a large investment by the country's biggest domestic financial institution will boost the sentiments at bourses, which witnessed volatility, especially after the collapse of Lehman Brothers in America last year.crackcrack