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    HomeNewsBusinessMarketsUpgrade Sensex target to 22,200, says Macquarie

    Upgrade Sensex target to 22,200, says Macquarie

    Rakesh Arora of Macquarie said they have upgraded their Sensex target to 22,200 and Nifty target to 6900.

    January 17, 2013 / 09:36 IST

    Here are experts equity calls for the day on how the markets are expected to trade:

    Markus Rosgen, Citigroup: Risk reward is skewed towards the risky side of the equity market. The relative value argument remains very strong, as does the positive contribution played by the expansion of Asian central banks' balance sheets. Cyclicals and financials remain cheap Vs defensives, trading only just above the 2008 lows.

    Rakesh Arora, Macquarie: We have upgraded our Sensex target to 22,200 and Nifty target to 6900. We have added Axis Bank, SBI & DLF, replacing ICICI Bank, Dr Reddy's & HDFC Bank in our top 10 ideas.

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    first published: Jan 17, 2013 08:31 am

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