Rising public investment to emerge as key market catalyst in 2015 – Deutsche.
Sets year-end target for BSE index at 33,000 and NSE index at 9,936.
For BSE index, Deutsche had earlier set a target of 29,000 for March 2015.
Says govt to address supply-side constraints in economy and reallocate spending from consumption to investment.
“In 2015, we see India harnessing its commodity pricing dividend to realign policy towards an investment-driven macroeconomic stabilization,” says Deutsche.
Key overweights – financials, industrials, and materials.
Underweight on consumer staples, IT services and telecoms.
Axis Bank, Godrej Consumer and HDFC Bank among top large-cap picks.
Key mid-cap picks include Bharat Forge, CESC , Cummins India and Gujarat Pipavav Port.