Comments
Citigroup has raised BSE index Dec 2015 target to 33,000 from 31,000. It expects 15 per cent upside from Friday's close. It has also increased NSE index 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.
It expects policy rates to fall 75 bps in 2015. Citigroup has rejigged its model portfolio. It is now overweight on banks, energy, cement, pharmaceutical shares. Citi has listed Adani Port and Special Economic Zone, Aurobindo Pharma among top large-cap picks. Also, it likes Ashok Leyland, DB Corp among midcaps.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.