Reuters Market Eye - Goldman Sachs maintains its "overweight" call on Indian stocks, with an end-2013 target for the Nifty of 7,000 points.
Goldman includes Bajaj Auto(BAJA.NS) and Tata Steel(TISC.NS) in its Asia-Pacific "growth recovery" group of stocks that have favourable growth and valuations, according to its Asia-Pacific outlook report dated Jan 4.
The bank sees Infosys as a stock with a potential "catch-up" opportunity after lagging in 2012.
Infosys shares fell 16.2 percent in 2012, widely under-performing the broader 27.7 percent gain in the Sensex.
Goldman also highlights Tata Motors, Sterlite Industries (India) Ltd STRL.NS and Hindalco Industries Ltd as stocks with favourable macro exposure and attractive profiles versus regional peers.
(Reporting by Manoj Dharra)
New RBI chief's policies to broadly echo Rajan's: Reuters poll
BENGALURU Indian monetary policy is likely to stay broadly unchanged when Urjit Patel takes over as Reserve Bank of India governor, according to a Reuters poll, but his approach to cleaning up public banks' bad debts could be less stringent.
Interview: Oil market rebalancing could take until end 2017 - Shell
STAVANGER, Norway The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters.
Wall St. gains as data points to budding economy
NEW YORK Financial and commodity-sector stocks led the S&P 500 higher in a low-volume session on Monday after consumer spending rose for a fourth straight month, pointing to a pick-up in U.S. economic growth.