Here's how 2013 is likely to pan out according to top brokerages
Morgan Stanley: The most bullish call has come from Morgan Stanley, which expects Sensex to hit 23,097 in 2013, indicating an 18 per cent rise in the next year.
Citi: Sensex target of 20,800 implies 7 per cent upside from current levels. Infosys (upside of 17 per cent), Apollo Hospital (upside of 9 per cent) and Axis Bank (upside of 6 per cent) are the top picks. (Read: Citi sets 2013 Sensex target at 20,800; Infosys among top bets)
Bank of America Merrill Lynch: Sensex target of 21,750 indicates 11 per cent upside from current levels. ICICI Bank (upside of 9 per cent), DLF (upside of 9 per cent), Maruti (upside of 10 per cent) and Lupin are top picks. (Read: Rates, reforms and recovery to drive Sensex to 21,750: BofA-ML)
BNP Paribas: Sensex target of 21,300 indicating a modest 9 per cent growth from current levels. ICICI Bank (upside of 6.5 per cent), LIC Housing (upside of 10 per cent), Sun Pharma (upside of 9 per cent), M&M and Wipro are top picks. (Read: Sensex poised to take 21,000 in 2013: BNP Paribas)
UBS: Nifty target of 6,350 indicates a 7 per cent rise through 2013. Bharti Airtel, Cairn India and IndusInd Bank are top picks.