Sensex at 19k, up 329 pts as Goldman Sachs upgrades India
Agencies: Mumbai, Nov 29 2012, 16:47 IST
Barack Obama will reach an agreement with Congress over a new budget, further influenced the sentiment.
The 50-share National Stock Exchange index Nifty closed 97.55 points, or 1.70 per cent, higher at 5,825.
S&P CNX Nifty Index may rise 14 per cent by 2013-end, Goldman Sachs Group Inc said in a report today, upgrading its recommendation on India to overweight from market-weight.
"For India, upside drivers include a recovery in growth, a decline in inflation, and the potential for continued policy reforms," Goldman Sachs said adding that with structural issues being addressed and a cyclical recovery on the horizon, the market may bounce strongly next year.
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