Indices were in positive terrain on Tuesday but at day’s lows profit booking across all the sectors intensified. Metals stocks were under pressure.
Market breadth was positive on the BSE with 1720 gainers and 842 declines.
Following are the Sensex targets set by leading brokerages for 2008.
CLSA: Forecast end FY10 Sensex at 9500
BNP Paribas' 12 month Sensex target is 9476
Credit Suisse has a 13,000-16,000 range call on Sensex
UBS has downgraded end-08 Sensex target to 15,500 from 19,600
HSBC has lowered its December 2008 estimate for Sensex to 14,000 from its previous estimate of 17,500.
Tuesday, October 14, 2008
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