Deutsche raises BSE Sensex target to record high of 22,000
Quotes

Deutsche raises BSE Sensex target to record high of 22,000

Last Updated: Friday, October 25, 2013, 12:16
 
 Comment 0
 
Deutsche raises BSE Sensex target to record high of 22,000
Mumbai: Deutsche Bank raised its December 2013 target for the BSE Sensex to a record high at 22,000 points from 21,000, saying investor pessimism earlier this year was receding amid positive developments such as a good monsoon.

Among other positive factors, Deutsche mentioned a bottoming out in the economy, the likely withdrawal of liquidity tightening measures by India`s central bank, a synchronized global growth recovery and a Federal Reserve that has delayed tapering of its monetary stimulus.

Deutsche Bank also named banks as its top "overweight" in its model portfolio, citing receding concerns over tight liquidity and higher short-end interest rates. Meanwhile, it cut IT services to "neutral."

The benchmark BSE Sensex fell 0.2 percent, or 42.45 points, to end at 20,725.43 on Thursday. The index`s all-time high is 21,206.77, hit in January 2008.



Reuters

First Published: Friday, October 25, 2013, 12:16


Comments


comments powered by Disqus
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved