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…
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HSBC, Citi turn bullish as Indian stocks draw record inflows (opens The Economic Times in a new tab)
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…
