FDI optimism, Goldman Sachs upgrade buoy mkt sentiment
Buoyed by strong global cues as also positive news flow on the political front, Indian equities rallied smartly on Thursday with the benchmark Sensex crossing the psychological 19,000-point mark to close at its highest level in 19 months. Foreign brokerage Goldman Sachs upgraded Indian stocks to ‘overweight’ from ‘market-weight’, setting a December 2013 target of 6,600 points for the 50-share Nifty index, a 13% upside from current levels.
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