Nomura, Citi, Goldman, UBS, Macquarie, Deutsche Bank raise index for India following Modi’s victory
May 19, 2014
New Delhi, 19 May, 2014
Nomura, Citigroup and Goldman Sachs raised their targets for benchmark BSE index after the BJP led by Narendra Modi thundered to victory in general election.
Nomura raised its 2014 target for the BSE index to 27,200 from 24,700, while Citigroup increased its target to 26,300.
Goldman Sachs also raised its 12-month target for the NSE index to 8,300 from 7,600, implying a 15.2 per cent upside from the current levels.
On Friday, UBS, Macquarie and Deutsche Bank raised their targets for Indian indexes.
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