During the March quarter’s market slump, Life Insurance Corporation of India deployed nearly $2 billion into 10 stocks, adding to positions in names such as Bajaj Finance, Bharti Airtel, TCS, and Infosys despite price declines. LIC also trimmed exposure in other holdings, signaling a selective contrarian strategy rather than broad buying.
Motilal Oswal points to a structural change in India’s equity markets: DIIs have expanded their ownership across most Nifty 50 stocks, while FII exposure has steadily declined. DII stake in the index has reached a record high, with FIIs dropping to multi-year lows—signaling a shift in who drives flows and risk-taking in the market.
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