Citi Raises Nifty 50 Target to 28,000 for December 2027

Citi raised its December 2027 target for India’s Nifty 50 index to 28,000, citing the possibility that U.S. midterm results could slow AI spending and redirect capital, alongside earnings growth and lower oil prices. The new target is up from 26,000. Citi analyst Surendra Goyal said Indian stocks may benefit if investment shifts toward non-AI assets. India’s weight in emerging-market portfolios is near a multiyear low. Citi estimates that each one-percentage-point increase in that weighting could bring about $12 billion in inflows. Citi also estimates that a $10 decline in oil prices could lift Nifty 50 earnings by about 2%. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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