 "Citigroup raises Sensex target to 33,000")
Citigroup has raised the BSE Sensex Dec 2015 target to 33,000 from 31,000, expecting a 15% upside from Friday's close.
It raised the Nifty target to 9,850 from 9,240.
Citigroup said 2015 should be front-loaded with falling interest rates, back-loaded with actual economic recovery amid steady reforms.
It added that falling rates in a rising economy/earnings could fire the market more.
Policy rates should fall 75 bps in 2015, it said.
Citigroup rejiged its model portfolio and is now overweight on banks, energy, cement, pharmaceutical shares. It listed Adani Port and Special Economic Zone , Aurobindo Pharma among its top large-cap picks. It mentioned Ashok Leyland , DB Corp among midcaps.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app