The Sensex and Nifty ended at new closing highs on Tuesday, with Deutsche Bank raising its 2014 Sensex target to 28,000 and UBS raising its 2014 Nifty target to 8,000 due to returning confidence among domestic and foreign investors in India. Morgan Stanley also increased its June 2015 Sensex target to 26,300, predicting an "overshoot" is possible given the positive market mood.
The Sensex and Nifty ended at new closing highs on Tuesday, with Deutsche Bank raising its 2014 Sensex target to 28,000 and UBS raising its 2014 Nifty target to 8,000 due to returning confidence among domestic and foreign investors in India. Morgan Stanley also increased its June 2015 Sensex target to 26,300, predicting an "overshoot" is possible given the positive market mood.
The Sensex and Nifty ended at new closing highs on Tuesday, with Deutsche Bank raising its 2014 Sensex target to 28,000 and UBS raising its 2014 Nifty target to 8,000 due to returning confidence among domestic and foreign investors in India. Morgan Stanley also increased its June 2015 Sensex target to 26,300, predicting an "overshoot" is possible given the positive market mood.
7.275.50. (Read more) Deutsche Bank has raised its Sensex target to 28,000 for the end of this year, while UBS has set raised the Nifty target for 2014-end to 8,000. "We see the confidence among domestic and foreign investors returning to India & expect India to remain a very promising destination," said Vijayan S, DBS Bank's head of treasury and markets. According to a Morgan Stanley research note, given the mood of the market, an "overshoot" is possible. Morgan Stanley's Index target is 26,300 for June, 2015 as compared to its previous target of 21,280.