New Delhi: Life Insurance Corporation (LIC) of India Chairman SK Roy is positive about Indian stocks, according to an interview with a TV channel on Tuesday.
Roy says LIC`s 2014-15 equity investments seen at 600 billion rupees ($9.79 billion).
"I see further upside for market in FY15," Roy said.
Adds LIC`s overall investments in 2014-15, including outside of equities, may cross 3 trillion rupees.
Roy also says he does not see the impact of poor monsoon on the economy, adds RBI holding rates is positive for markets.
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