Brokerages predict a happy New Year

After a surge of about 24% in benchmarks so far this year, leadingbrokerages mostly expect a bright 2018 for Indian equities, says Sanam Mirchandani. Some see politics playing a larger role as the 2019 generalelections draw near. Going by their Dec 2018 targets, three of the five brokerages below see an 8-17% return potential in benchmark indices, although Bank of America Merrill Lynchsees fair value for Sensex at 32,000 by Dec 2018, below current levels.