Economic TimesLean R·
HSBC, Citi turn bullish as Indian stocks draw record inflows
Global banks are turning more bullish on Indian stocks as the market’s sharpest rally in more than four years draws record foreign inflows.HSBC Holdings Plc lifted local equities to overweight from neutral, citing resilient earnings and more reasonable valuations. Citigroup Inc. raised its 12-month target for the NSE Nifty 50 Index by nearly 8% to 28,000, pointing to improving profit growth and lower oil prices.The calls suggest that Indian equities’ recent rebound may have further to run. The …
Read at Economic Times →
