September 17, 2012 / 2:53 AM / in 5 years

Deutsche Bank, Citi raise India's BSE stock index target

MUMBAI, Sept 17 (Reuters) - Deutsche Bank and Citigroup raised their targets for India’s benchmark BSE stock index after the government announced reforms last week, including opening up the country’s multi-brand retail sector to foreign direct investment.

Deutsche Bank raised its December 2012 target for the BSE index to 20,000.

Citigroup raised its BSE target to 19,900 for June 2013 from its previous target of 18,400 for December.

The BSE index closed at 18,464.27 on Friday. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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