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Sensex seen scaling 34,000 in a year’s time

Morgan Stanley has a Sensex target of 34,000 for June 2018, and sees the rise powered by upbeat corporate earnings outlook and strong economic growth  Since January, Sensex has climbed 17.1%, trailing only Nifty and Hong Kong’s Hang Seng index. R EAD MORE Source :    Live Mint

Market round up: Safe havens rally as risk events stack up

In other news, cement prices across India correct in June; livestock exports drop 7.4% in April. Caution reigned across markets in a week loaded with risk events, from former Federal Bureau of Investigation chief James Comey’s congressional testimony to the European Central Bank’s (ECB’s) policy meeting and Britain’s increasingly uncertain election. Havens including gold, the yen and Treasuries gained while stocks retreated. Gold headed for a seven-month high and the yen rose to the strongest since April, while 10-year Treasury yields fell to the lowest since November. The dollar traded at an eight-month low and US stock futures slipped. Europe’s benchmark share index fell the most in a week led by Swiss pharmaceutical company Roche Holding AG after one of its drug studies disappointed. South Africa’s rand slumped after the country fell into a recession for the first time since 2009. With all three major events—Comey, the ECB meet and British election—on Thursday, investors’ risk...