New Delhi, Nov. 4 -- India's largest state-owned insurance company, Life Insurance Corporation, has lately been on a shopping spree as the insurance giant has raised its stake in 76 new companies and has made 13 new additions to its portfolio.

According to reports, the insurance giant has made strong purchases in the September 2025 quarter, acting as a stablising force for domestic equities amid weak market sentiments and heavy selling by foreign institutional investors.

As per the data available, LIC has made net equity purchases of nearly Rs.21,700 crore in the September quarter. LIC has increased its holdings in 76 listed firms and reduced its stake in 81, while also adding 13 new stocks to its portfolio for the first time.

However,...