Life Insurance Corporation of India, the nation's largest money manager, said the benchmark stock index may gain as much as 8.3 per cent in a month as an economic recovery attracts investors.
Sensitive Index, which has fallen 10 per cent from its high on January 6, may rebound to 17,500 by March 31, N Mohan Raj, executive director of investments at Life Insurance said in an interview in Mumbai today.
"The underlying parameters of the economy are still very strong," Mohan Raj, who manages the equivalent of $215 billion said.
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