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Nomura and Citigroup have raised their targets for the BSE Sensex after the Bharatiya Janata Party led by Narendra Modi thundered to victory in general election.
Nomura raised its 2014 target for the Sensex to 27,200 from 24,700, while Citigroup increased its target to 26,300.
Goldman Sachs also raised its 12-month target for the Nifty to 8,300 from 7,600, implying a 15.2% upside from current levels.
On Friday, UBS, Macquarie and Deutsche Bank raised their targets for the two indexes.
