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Overall, LIC held a total of Rs 9,78,493.81 crore worth equity investments as of September 30, representing 24.78 per cent of the total Rs 39,49,516.37 crore worth of investments.

The government is yet to clarify how much money it wishes to earn from selling shares in the insurers. Though it will be selling 31,62,49,885 shares of the company, the DRHP notes. LIC has a majority share of the life insurance market in India. The government expects the proceeds will help it bridge a deficit gap this fiscal year.

IPO documents filed with the regulator indicate the insurance behemoth may be valued in the excess of Rs 12.5 lakh crore, making it more valuable than all other listed government-owned companies.

According to figures from the forensic audit that were included in the CBI complaint, the company owed Rs 70.89 billion to ICICI Bank, Rs 36.34 billion to IDBI Bank, Rs 29.25 billion to the State Bank of India , Rs 16.14 billion to Bank of Baroda, Rs 12.44 bilion to Punjab National Bank and Rs 12.28 billion to Indian Overseas Bank.

Total income, however, fell to Rs 964.27 crore in the third quarter of this fiscal year from Rs 1,110.07 crore in the corresponding period of the previous year, according to a regulatory filing. During the last fiscal, Dhampur Sugar Mills had reported a net profit of Rs 228.96 crore over a total income of Rs 4,248.96 crore.

With Rs 80.8 lakh crore outstanding government bonds, the RBI is the second-largest holder of them after financial institutions.

With US inflation hitting a 40-year high, the stage has been set for rather aggressive rate hikes by the US Fed in coming months which could trigger further foreign outflows from Indian equities, he added. Flows in emerging markets were mixed in the month of February 2022 till date, said Shrikant Chouhan, head of equity research (retail) at Kotak Securities.

The government on Saturday brought down the effective duty on crude palm oil import to 5.5 per cent from 8.25 per cent earlier, a move which will help control cooking oil prices and support domestic processing companies. Basic customs duty is already nil on crude palm oil (CPO) and now the CBIC through a notification has cut the agri infra development cess to 5 per cent from 7.5 per cent, effective from February 13.

Some defensive stance in the markets may be visible, but there are chances of some good quality financial, PSU banks, auto, and pharma stocks to show resilience.

Markets have been consolidating for the last four months and still not offering any cue over the next directional move. Global cues including inflation concerns and Russia-Ukraine tension are currently weighing on the sentiment. "The direction of the market in the week ahead will be determined by cues from global markets while domestic macroeconomic data and corporate earnings will continue to remain in focus in the near term," said Vinod Nair, Head of Research at Geojit Financial Services.