UBS, Macquarie raise Nifty targets on BJP victory
MUMBAI (Reuters) - Macquarie and UBS raised their targets for the Nifty after the Bharatiya Janata Party and its allies were en route to win a resounding victory in the general election.
UBS raised its 2014 target for the Nifty to 8,000 points from 6,900, while Macquarie raised its 12-month target for the Indian index to 8,400 points from 7,200.
Earlier, Deutsche Bank raised its December 2014 target for the BSE Sensex.
(Reporting by Abhishek Vishnoi and Indulal PM; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
Trending On Reuters
India can increase public investment to drive growth without borrowing more, a key government report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. Full Article