Markets

Brokerages predict a happy New Year

After a surge of about 24% in benchmarks so far this year, leading brokerages mostly expect a bright 2018 for Indian equities, says Sanam Mirchandani. Some see politics playing a larger role as the 2019 general elections draw near. Going by their Dec 2018 targets, three of the five brokerages below see an 8-17% return potential in benchmark indices, although Bank of America Merrill Lynch sees fair value for Sensex at 32,000 by Dec 2018, below current levels.

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