LIC soars 6%, crosses the Rs 1,000-mark for the first time ever

The stock hit a new all-time high at Rs 1,028 amid a sharp rally in public sector undertaking (PSU) stocks

The LIC stock hit a new all-time high at Rs 1,028 on Monday amid a sharp rally in public sector undertaking (PSU) stocks.

Shares of Life Insurance Corporation of India (LIC) for the first time ever crossed the Rs 1,000 mark, as they rallied 6 per cent on the National Stock Exchange (NSE) in Monday's intra-day trade amid a sharp rally seen in public sector undertaking (PSU) stocks.

The stock finally settled 5.6 per cent higher at Rs 998.85 on the NSE. It closed 6 per cent higher at Rs 1,000.35 on the BSE. In comparison, the S&P BSE Sensex ended down