Nifty target: 40,000 in long term | CLSA's Laurence Balanco sees 20% upside in banking stocks
CLSA's Laurence Balanco sees the Nifty rallying beyond 26,000, with a near-term target of 26,300 and a long-term potential of 31,000-40,000. He says a close above 25,500 by November-end could trigger a long-term buy signal.

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