Epic Update : See Nifty at 7000 by year-end

Goldman Sachs is betting on strong growth recovery in Asia, and is bullish on China, India, Korea and Singapore, with a bias for cyclical stocks. The brokerage sees the Nifty hitting 7000 by the end of this calendar.
In its report titled ’2013 Kick-Off: More, sooner: Add’, the team of Goldman Sachs strategists argue that impending economic and corporate earnings growth provide a favorable backdrop for equities, particularly because of inexpensive valuations and conservative investor positioning.

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