Goldman raises Nifty target to 6,900

Goldman Sachs has upgraded its view on India to "marketweight", with a target for the Nifty of 6,900 points. Goldman notes optimism over political change is trumping economic concerns, given what the bank says are expectations that the opposition Bharatiya Janata Party, led by prime minister candidate Narendra Modi, could prevail in parliamentary elections due by May 2014. Goldman also notes that external capital account pres...