Citi Research Raises Nifty50 Target to 28,000 for 2027
· Business · Times of India, Economic Times
Brokerage firm Citi Research has revised its Nifty50 target to 28,000 points by the end of 2027, up from its earlier estimate of 26,000 points. The upward revision follows a 10 percent rally in the Sensex during the pre-Diwali session and renewed buying by foreign portfolio investors who have poured more than $4.1 billion into Indian shares in November. Citi identified strong corporate earnings, lower crude oil prices, and a slower pace of capital expenditure on artificial intelligence as key drivers for Indian equities. The firm noted that a potential 100-basis-point increase in India active weight could generate around $12 billion in capital inflows.
Why it matters
Institutional upgrades and foreign capital inflows directly influence market liquidity and valuation multiples for retail and institutional investors on Dalal Street.
Read the original report — Times of India
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