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Nomura, Citi, Goldman raise BSE Sensex targets

May 19 2014, 15:12 IST
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Nomura raises its 2014 target for the BSE index to 27,200 from 24,700, while Citigroup increases its target to 26,300. (AP) Nomura raises its 2014 target for the BSE index to 27,200 from 24,700, while Citigroup increases its target to 26,300. (AP)
SummaryOn Friday, UBS, Macquarie and Deutsche Bank had raised their targets.

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.

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