Listing of insurance cos to up mkt capitalisation: Choksey

Deven Choksey of KR Choksey Shares and Securities is extremely excited with the passage of the Insurance Laws (Amendment) Bill and see the market capitalisation going up by Rs 1.5 to 2 lakh crore once these companies get listed.According to him most of these companies would go in for listing and the added foreign inflow would add to their business operations.The bill getting passed shows that the government at last is getting things started on the ground.On the back of this Insurance Bill, amongst the Nifty companies he is bullish on SBI and ICICI Bank and would consider adding them to the portfolio of listed companies.He is also upbeat on Bajaj Finserv and HDFC and would hold them in the portfolio because both are quality names and would see value unlocking for their insurance businesses.