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LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag
Deepak Korgaonkar Puneet Wadhwa Mumbai / New Delhi
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Life Insurance Corporation of India (LIC), India's largest domestic institutional investor, has seen over ₹45,000 crore erosion in the value of its equity holdings after a fall in the equity markets thus far in July. The benchmark indices, Nifty 50 and BSE Sensex have slipped 2.6 per cent from their June 2025-end level to 24,837 and 81,463.09 levels, respectively.
From ₹16.10 trillion as on June 30, 2025, the value of LIC's 322-stock has declined to ₹15.64 trillion as on July 25, 2025, marking ₹46,000 crore mark-to-market loss. However, LIC's portfolio value is still higher by ₹1.94 trillion from April 7,
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Key metrics: Breakout zone: Bullish pennant and reverse H&S breakout Pattern: Continuation + reversal pattern signaling trend resumption MACD: Positive at 7 RSI: Daily RSI at 65, indicating sustained buying ADX: At 21, suggesting trend strength building Technical analysis: The breakout and pattern confirmation support a move toward ₹780 Risk factors: A close below ₹694 would invalidate the breakout and signal caution. Buy at: ₹725.65 Target price: ₹780 Stop loss: ₹694 Buy: RADICO KHAITAN LTD — Current Price: ₹2887.10 Why it's recommended:RADICO KHAITAN LTD is trading atlifetime highs, signaling significant strength. The daily RSI is elevated at 69, showing strong momentum, while MACD is highly positive at 43. ADX at 25 indicates a well-established bullish trend. These indicators combined suggest that the rally has room to extend, with a short-term target of ₹2990. 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The total Call Open Interest (OI) stands at 17.19 crore, much higher than the Put OI of 12.44 crore, keeping the Put-Call Ratio (PCR) suppressed at 0.72, indicating prevailing caution among traders. What's more telling is the change in OI — Call OI rose by 2.58 crore while Put OI increased only marginally by 12.88 lakh, resulting in a net bearish OI shift of 2.45 crore contracts. This highlights that traders are adding to their short positions or hedging against further downside. Strike-specific positioning also points to stiff resistance. The highest Call OI continues to be at 25,000, followed by fresh Call additions at 24,700, signaling strong supply at higher levels. On the support side, the 24,600 strike holds the maximum Put OI and also saw the highest Put additions, indicating efforts to defend this zone. However, with the index closing just below 24,650, this support could be at risk. 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Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
