Moneycontrol PRO
HomeNewsBusinessMarketsDeutsche cuts Sensex target 2000 points; lists 13 stocks to buy

Deutsche cuts Sensex target 2000 points; lists 13 stocks to buy

Deutsche Bank has advised clients to invest in sectors that have the least exposure to global macro. The only exception is pharmaceuticals as a strong dollar will benefit companies having a sizeable exposure to the US market.

June 27, 2016 / 14:27 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Moneycontrol BureauBrokerage house Deutsche Bank has trimmed its Sensex target to 27,000 from 29,000 earlier, citing global uncertainty in the wake of ‘Brexit.’“As the long and complicated process of political and economic separation of the UK from the EU unfolds, financial market volatility will remain elevated,” says the Deutsche Bank note, adding, “until the dust settles, the risk of markets reacting irrationally will stay elevated.”The brokerage has advised clients to invest in sectors that have the least exposure to global macro. The only exception is pharmaceuticals as a strong dollar will benefit companies having a sizeable exposure to the US market.“Among the domestic sectors, utilities, tractors, oil marketing companies, cement, consumer staples stand out. Among stocks we see Sun Pharma, Lupin, Aurobindo, ITC, Hindustan Unilever, Titan, NTPC, M&M, Hero Motocorp, Shriram Transport, BPCL, HPCL and Ultratech emerging as stocks that appear most insulated in the current environment,” says the Duetsche Bank note

    first published: Jun 27, 2016 09:17 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347