Optimism in markets over political change led by Modi:Goldman Sachs
November 05, 2013
Ahmedabad, 5 November 2013
Bright possibility of Modi becoming India’s next Prime Minister has triggered optimism in markets following which Goldman Sachs has raised its investment stance on India, reports Economic Times.
Revising its earlier estimates and opinion on India, global investment bank, Goldman Sachs has raised its investment stance on India to ‘Marketweight’ and increased the NIFTY index target to 6900, for 2014-end which implies nearly 9 per cent potential upside from current levels.
According to the global investment bank there is optimism in markets over political change led by BJP’s prime ministerial candidate Narendra Modi. Apart from the political scenario, external capital account pressures have moderated, atleast for now, says the bank.
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