LIC Portfolio Rejig, May 7 -- Insurance behemoth, Life Insurance Corporation of India (LIC), which is also the biggest domestic institutional investor, reduced its stake in several prominent large-cap names during the recently concluded March quarter, according to data compiled by primeinfobase.com.

During the quarter under review, LIC's share in NSE-listed stocks declined marginally to 3.71% as on March 31, 2026, from 3.72% in value terms, as the Indian stock market witnessed a steep selloff due to the Middle East war that resulted in a steep spike in crude oil prices.

Stocks belonging to the banking and metal & mining space were among the top names wherein LIC reduced its stake the most in terms of value of shares sold.

Topping the c...