Life Insurance Corporation (LIC) of India Chairman S.K. Roy is positive about Indian stocks, according to an interview with TV channel ET Now 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 tells ET Now.
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.