The Life Insurance Corporation ( LIC) of India is likely to invest around Rs 60,000 crore in equities in the current financial year, said the financial behemoth's chairman SK Roy.
Roy said, "FY15 has started on a high note. We see further upside for the market in this financial year." Roy is on the opinion that infrastructure and real estate sectors will be the top gainers.
Roy said, "FY15 has started on a high note. We see further upside for the market in this financial year." Roy is on the opinion that infrastructure and real estate sectors will be the top gainers.
LIC's overall investments in 2014-2015 may cross Rs 3 lakh crore, Roy said. Roy also said that he does not see the impact of poor monsoon on the economy. "Fear of poor monsoon has reduced."Asked about RBI's decision to hold key rates, Roy said, "This is positive for the markets."
Indian stock markets may need to brace for more turbulence over the next few months as rich valuations and global uncertainties could prompt investors — mainly foreign institutions — to lock in some profits.
Indian stock markets may need to brace for more turbulence over the next few months as rich valuations and global uncertainties could prompt investors — mainly foreign institutions — to lock in some profits.
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