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    HomeNewsBusinessMarketsNifty Dec target at 8600, see 12-14% returns in 1-yr: JP Morgan

    Nifty Dec target at 8600, see 12-14% returns in 1-yr: JP Morgan

    Bharat Iyer of JP Morgan says he expects Indian equities to deliver returns of 12-14 percent over the next twelve months, adding valuations at 17x forward earnings are higher than the average seen over the last decade.

    June 22, 2016 / 09:02 IST

    Bharat Iyer of JP Morgan says base case target for December 2016 for the Nifty remains at 8,600.

    He says he expects Indian equities to deliver returns of 12-14 percent over the next twelve months, adding valuations at 17x forward earnings are higher than the average seen over the last decade.

    "But we do not see these as a headwind at this stage as most asset classes globally are trading at a premium to long-term averages given easy liquidity and we believe we are in the early stages of an earnings recovery cycle," says Bharat Iyer.

    first published: Jun 22, 2016 08:01 am

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