The year 2012 is ending on a strong note as far as stock markets are concerned. The BSE Sensex of 30 companies has jumped nearly 26 per cent over the last 12 months as compared to 23 per cent gains in Japan's Nikkei 225 and nearly 6 per cent gains in the Dow Jones Average. The strong gains have come on the back of $24 billion in foreign funds, the highest since 2010.
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.