Nomura, Citi, Goldman raise BSE Sensex targets

Written by Reuters | Updated: May 19 2014, 20:42pm hrs
Narendra ModiNomura raises its 2014 target for the BSE index to 27,200 from 24,700, while Citigroup increases its target to 26,300. (AP)
Nomura and Citigroup raise their targets for India's benchmark BSE index after the opposition Bharatiya Janata Party led by Narendra Modi thundered to victory in general election.

Nomura raises its 2014 target for the BSE index to 27,200 from 24,700, while Citigroup increases its target to 26,300.

Goldman Sachs also raises its 12-month target for the NSE index to 8,300 from 7,600, implying a 15.2 percent upside from current levels.

On Friday, UBS, Macquarie and Deutsche Bank raised their targets for Indian indexes.