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Indian stocks are upgraded to overweight at Goldman, which expects about a 15% gain in the NSE...

Indian stocks are upgraded to overweight at Goldman, which expects about a 15% gain in the NSE Nifty Index (INDY) by the end of 2013. Current valuation of 13.4X earnings is below the 5-year average of 14.9X just as growth is recovering, inflation is receding, and economic reforms are coming to fruition. The Sensex +1.8% to a 19-month high overnight. EPI +19.8% YTD.
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