ICICI Pru Life is positive on Q3 earnings

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Puneet Nanda , CIO, ICICI Prudential Life Insurance said that Q3 results will be good and that positive domestic flows can be expected during the January-March quarter, reports CNBC-TV18. Markets are likely to continue doing well he said adding that global news and flows are seeing mixed trends. Nanda said that the possibility of a snap poll in 2008 has not increased and that election outcomes will be in line with expectations.

 

Domestic news, numbers and flows will be in focus in the next quarter, Nanda said and added that domestic investors demand across segments will be significant. According to him, for FY08, insurance companies will see investment flows to the tune of USD 15 billion and January-March flows will be seen at USD 4-5 billion.

 

Nanda said that domestic retail interest is strong and he doesn't see the trend reversing. According to him interest rates are poised to come down and interest in banks and realty will remain. He added that signals on the real estate front are mixed and that he will be bullish on the sector only in the interest rates come down.

 

More to come...