Country’s largest insurer, Life Insurance Corporation, earned Rs 6,542.72 crore profit from investments in stock market in the first seven months of the current fiscal, Parliament was informed.

LIC had invested Rs 21,294.80 crore in the equity market during April-October period of 2011, Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha.

The profit booked from the investments in equity market stood at Rs 17,055.36 crore in the last fiscal as compared to Rs 9,432.25 crore in 2009-10, Meena said.

Source : PTI