LIC shares witnessed a sharp 50% drop in early trade as the stock turned ex-bonus, reflecting adjustments for the recently announced 1:1 bonus share issue.

LIC's shares rise nearly 2% after announcing a first-ever 1:1 bonus issue, boosting investor sentiment and liquidity.

LIC shares fell as much as 4% on Wednesday after a report said the government may begin formal marketing next month for a proposed stake sale worth up to Rs 10,000 crore.…