Rediffmail Money rediffGURUS BusinessEmail

Sensex to hit 28,000 by December: Deutsche Bank

May 16, 2014 15:04 IST
Source:PTI

Deutsche Bank raised its December 2014 target for the BSE Sensex to 28,000 points, saying shares were about to enter "a structural bull market" after the Bharatiya Janata Party and its allies resoundingly won the country's elections.

Deutsche said investors should focus on domestic cyclical shares, as well as sectors that could benefit from BJP's efforts to revive the economy, including banks, oil and gas, industrials and infrastructure.

The investment bank called BJP's victory a "historic verdict" that would justify "a re-rating of the Indian equity markets" and said shares were "at the cusp of a structural bull market."

The Deutsche target would imply a 10.3 percent upside from the record high of 25,375.63 points hit on Friday.

(Reporting by Rafael Nam)

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

Bharatiya Janata Party Deutsche Bank Rafael Nam BSE

RELATED STORIES

WEB STORIES

10 Instant Semolina Or Sooji Recipes To Start Your Day

India's Masala Omelette In Top World Egg Rankings

9 Key Tips To Keep Your Bathroom Clean

VIDEOS