LIC, UTI provide buying support

The State of Bank India, too, was a buyer today, market sources said. However, this could not be independently confirmed.

LIC, the government-owned life insurer, today bought shares worth Rs 200 crore as share prices were falling, on top of Rs 180 crore purchases of shares of information technology and oil companies on Friday.

"LIC has been buying during the market falls all these days and continued with buying after markets resumed trading today," said Sushobhan Sarkar, executive director, investments, LIC.

Stock brokers said UTI, the largest mutual fund, also bought shares in large numbers when the trading resumed in the afternoon.