Insurers tread cautiously as Sen*** hovers around 20k

Even as the Sen*** has scaled up beyond 20,000, insurers are treading cautiously in their investment strategies. An official at the Life Insurance Corporation (LIC), the largest capital market player, said the institution is carefully watching the FII inflows, which touched $22 billion so far during calender year of 2010. We are booking profit in certain segments while at the same time careful in our further exposure to certain other segments. We don t expect any major correction in the market before December when FIIs will book profits, said the official adding that though Indian stocks have become expensive, some ...

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