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Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => Sensex and Nifty Company Analysis => Topic started by: komal on December 02, 2014, 08:58:22 PM

Title: Citi Sets SENSEX Target of 33,000
Post by: komal on December 02, 2014, 08:58:22 PM

Citigroup Equity Research Team in a note said,

Quote

We expect 2015 to be a decent year: raise Dec 2015 market targets, Sensex 33,000 (+16%), Nifty (9,850), at 16x Dec16E. 2015 should be front-loaded with falling rate gains, back-loaded with an actual economic/investment recovery; and accompanied by steady regulatory/execution reform. A seamless transition; falling rates to a rising economy/earnings could fire the market more. More likely, a post rate and pre-economic deliverance, stall.