Business3 sources
HSBC, Citi turn bullish on Indian stocks amid record inflows
- HSBC upgraded India to 'Overweight' from 'Neutral', citing resilient earnings and reasonable valuations.
- Citi raised its 12-month target for the NSE Nifty 50 Index by nearly 8% to 28,000.
- The market's rally is the sharpest in over four years, attracting record foreign inflows.
- HSBC also downgraded China's rating to 'Neutral'.
- The bullish outlook is based on improving profit growth and market conditions.
Articles (7)
The Economic Times·
Global brokerages turn bullish on Indian equities as market rebounds
Investing.com·
HSBC upgrades Indian equities to 'overweight', cuts China to 'neutral'
HSBC, Citi turn bullish as Indian stocks draw record inflows
Bloomberg·
HSBC, Citi Turn Bullish as Indian Stocks Draw Record Inflows
Citi, HSBC turn bullish on India as oil slide, AI rotation lift markets
HSBC is back to being 'overweight' on Indian stock markets after seven months - These are its top picks
Stock market: HSBC upgrades India to 'Overweight', cuts China rating to 'Neutral'; here's why