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Goldman upgrades India on Modi effect, raises Nifty target to 6900

Revising its earlier estimates and opinion on India, global investment bank Goldman Sachs has raised its investment stance on India to 'marketweight'. It has also increased its target for Nifty to 6900 for 2014-end which is nearly 10 per cent potential upside from current levels. In a report titled "Modi-fying our View", Goldman notes optimism over political change is trumping concerns over Indian economy, given  what the bank s...
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