{
  "id": 1662712,
  "title": "Citi sets June 2027 Nifty target at 26,800, remains constructive on India equities",
  "url": "https://urgent.news/2026/08/18/citi-sets-june-2027-nifty-target-at-26-800-remains-constructive-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T07:12:43.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/citi-sets-june-2027-nifty-target-at-26800-remains-constructive-on-india-equities/article71359306.ece"
  },
  "original_language": "en",
  "account": "Citi has maintained a constructive outlook on Indian equities, setting a target of 26,800 for the Nifty 50 by June 2027. This prediction is based on a forward price-to-earnings multiple of 18 times. The brokerage is supportive of financials, telecom, healthcare and utilities sectors, while being underweight in IT services, staples and metals. Citi highlighted that BSE100 EBITDA and PAT growth have been 6% and 9% year-over-year, surpassing market estimates. The top-line growth, excluding energy, was recorded at 14% year-over-year, exceeding expectations. However, Citi noted margin pressure across the consumer, industrial and financial sectors. Despite these challenges, they identified GST tailwinds, wage hikes and credit growth as positive catalysts for equities. They also cautioned about AI productivity impact and higher crude oil prices as key risks. Citi's earnings estimates for FY27/FY28 have stayed constant since July. The brokerage's recommendation remains positive for financials, telecom, healthcare and utilities, while maintaining a cautious stance on IT services, staples and metals.",
  "summary": "The brokerage is favouring financials, telecom, healthcare and utilities, while remaining underweight on IT services, staples and metals.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}