Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027

Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027

Citi Research projects that India's benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings prospects and falling oil prices. Recent foreign portfolio investor activity has contributed significantly to the positive sentiment in the equity market. Additionally, lower oil prices could improve macroeconomic conditions and reduce inflation rates in India.