LIC, being country's largest insurer said today through its sources that it plans to pump in about Rs 10,000-crore in the Indian stock markets by March-end of 2010 which shall take its annual equity investment to Rs 60,000 crore for this fiscal.

LIC Executive Director (investment operations) N Mohan raj told news agency PTI, "Our investment in the equity market so far has already crossed Rs 50,000 crore and we expect to close the fiscal (2009-10) with an investment of Rs 55,000-60,000 crore" .

LIC has been among the largest investors in NTPC's Follow-on Public Offer and is strongly looking forward to strengthen in other PSU public offers in the following year. After the collapse of Lehman Brothers in America in 2008, this is being looked at a very favorable note in the stock bourses.

LIC has also increased its stake in RIL to 6.94 % over the past two years through open market transactions.