Maintain 31,000 Sensex target for December 2015: Citigroup

Aditya Narain, Citigroup says the money is now gushing in. “It's the FII, the recently inspired domestic investor, and the biggest, the foreign debt investor who are in focus. The India flow tide has turned decisively: it's high, rising and could well have a long way to go,” he adds.

“Ride the wave, but remember… tides do turn. While we do believe there will be small swells and ebbs, the inflow tide should stay strong for a while. We remain positive on the Indian market, and maintain our 31,000 Sensex target for December 2015,” says Narain.

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