LIC finally made its debut after its record-breaking IPO last week at 949 rupees. LIC falls at least 6% on listing. LIC shares debuted at 8.6 per cent discount at Rs 867 apiece on the BSE, a tad lower than the discounted value at which shares were offered to policyholders and retail investors. LIC though recoups some of its losses and was trading at Rs 900. LIC’s weak listing can be attributed to volatile market conditions and negative market sentiments.
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