Citi, HSBC turn bullish on Indian stocks amid oil slide and AI rotation

Citi raised its end-2027 Nifty 50 target to 28,000 and HSBC upgraded India to overweight, citing an oil price slide and an AI-driven market rotation as catalysts for a revival in Indian equities.

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2026-11-09 10:25 · Reuters AI
Citi, HSBC bet on India as oil slide, AI rotation fuel market revival

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