Sensex December 2011 target at 22000: Citi

Excerpts from Bazaar on CNBC-TV18 Watch the full show »

Aditya Narain of Citi: We expect about 15% returns in 2011. The Sensex December 2011 target is at 22,000, similar to the 10% returns generated in 2010. However, the market pace should be more measured and predictable with lower volatility, fewer uncertainties and sectoral divergences more moderate. We also expect it to be a more bottom up than a top-down year with less of the mid or small cap bias of 2010. Market performance would be driven by earnings growth.

Michael Kurtz of Macquarie: The key buys of Macquarie in 2011 in India include Glenmark Pharma, with target price at Rs 475/sh, JSPL with target price of Rs 962 and RIL with target price of Rs 1244.