Surendra Goyal of Citi says decent domestic trends, stable US Dollar, and Federal Reserve commentary have resulted in a nice move for Indian equities in 2017 so far. He remains constructive on the market in the medium term, acknowledging that earnings acceleration is key for upside to play out. "December 2017 Sensex target is 31,500, implying a 7 percent upside.
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Surendra Goyal of Citi says decent domestic trends, stable US Dollar, and Federal Reserve commentary have resulted in a nice move for Indian equities in 2017 so far. He remains constructive on the market in the medium term, acknowledging that earnings acceleration is key for upside to play out. "December 2017 Sensex target is 31,500, implying a 7 percent upside.
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