Alpha Ideas

Hat Tip:Bala

Around a year back,on 4 December 2014,the following article came in ET:

Top US brokerage Goldman Sachs today said it is bullish on India and sees Nifty hitting 9,500 -mark by end-2015 due to strong capital inflows in the country which is expected to become fastest-growing large emerging market economy in the 2016-18 period.

“We stay overweight on cyclical recovery and reform progress and expects Nifty to reach 9,500 at end-2015,” Goldman Sachs Chief Asia Pacific Regional Equity Strategist Timothy Moe told reporters here

The 50-share NSE benchmark index today ended at 8,564. “We forecast a large balance of payments surplus in 2015 driven by a narrowing of the current account deficit and strong capital inflows. We forecast mid-teens earnings growth in 2015-16 largely driven by banks, IT and a few cyclical sectors,” he said.

Forecasting Folly,anyone?