New Delhi, July 24 -- India's largest domestic institutional investor, Life Insurance Corporation of India (LIC) made selective bets in its equity portfolio in the June quarter of FY26, even as global uncertainties continued to dampen foreign investor sentiment.

LIC increased its stake in 54 listed companies during the quarter, reflecting a calibrated and sectoral approach to navigating market volatility. However, it also trimmed its stakes in another 64 firms on a sequential basis, a Mint analysis of 2,945 BSE-listed firms that have disclosed their shareholdings for the quarter revealed.

This comes after LIC participated in State Bank of India's Rs.5000-crore qualified institutional placement (QIP) on 21 July, raising its stake from 9....