Adani group stocks: LIC notional loss at Rs 50,000 crore in 50 days; Consequences of early summer on inflation; more

Life Insurance Corporation of India (LIC), the biggest domestic institutional investor, has witnessed an enormous notional loss of Rs 49,728 crore on its investments in the Adani group stocks. The combined market value of LIC’s investments in seven Adani stocks namely Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, Adani Total Gas, Adani Transmission, Ambuja Cements and ACC plunged to Rs 33,242 crore as on February 23 from Rs 82,970 crore as on December 31, 2022.