Deutsche Bank raises December 2012 Sensex target to 20,000

Deutsche Bank raises December 2012 Sensex target to 20,000



Deutsche Bank today said the benchmark sensitive index Sensex could touch the 20,000 mark by December end, driven by the recent reforms push and positive announcements from Europe and US.

In a research note, Deutsche Bank said the back-to-back announcements on fuel price rationalisation and opening up of FDI (in multi-brand retail, aviation, power exchanges and broadcasting services), is a huge signal and symbolic of the government’s reform commitment.

“We are raising our December 2012 Sensex target to 20,000, implying a return of 8 per cent from current levels,” the report said.