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LIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contrarian investment strategy. The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter. This move reversed earlier investor pessimism surrounding artificial intelligence disruption fears. The IT sector has since rallied, reversin….
How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks
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LIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contrarian investment strategy. The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter. This move reversed earlier investor pessimism surrounding artificial intelligence disruption fears. The IT sector has since rallied, reversin…
Key Highlights
LIC gained over Rs 21,000 crore from three top software exporters.
This paper profit materialized within thirty-five days after a contrarian investment strategy.
The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter.
Source
Economic Times
Published
3h ago
Impact Score
70 / 100
Category
Indian Markets
Moderate near-term volatility expected while markets assess implications for Indian Markets.
What this means
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