Nomura Raises Sensex Target to 27,200 from 24,700 by December End

        0502 GMT [Dow Jones] Nomura raises its target for the S&P BSE Sensex to 27,200 points from 24,700 by December-end following the overwhelming mandate received by the Bharatiya Janata Party-led alliance. "We believe that a strong government can solve a number of impediments plaguing the Indian economy through a mix of policy, execution and quick and decisive decision making," it says in a report. The Sensex index hit an all-time high of 25375.63 points on Friday. It is trading up 0.5% at 24,247.28 points Monday. The brokerage prefers banks, technology, oil & gas sectors, while it is underweight on pharma and consumer sectors. (debi.nayak@wsj.com)
        (END) Dow Jones Newswires

        May 19, 2014 01:03 ET (05:03 GMT)