Maintain September 2017 Sensex target at 30000: Citi

Domestic flows continue to be robust and the Q3 earnings season was better than feared. That continues to support the market, Surendra Goyal of Citi feels.

February 20, 2017 / 11:31 IST

Surendra Goyal of Citi says the research firm introduced India Sentiment indicator, which uses weighted average of multiple data points to conclude how investors are disposed towards equities.

The indicator is almost at 0 which falls in the 'neutral zone', he says.

However, domestic flows continue to be robust and the Q3 earnings season was better than feared. That continues to support the market, he feels.

Goyal maintains September 2017 Sensex target of 30,000.

first published: Feb 20, 2017 08:31 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!

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