{
  "id": 19258941,
  "title": "Global brokerages turn bullish on Indian equities as market rebounds",
  "url": "https://urgent.news/2026/11/10/global-brokerages-turn-bullish-on-indian-equities-as-market-rebounds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T00:45:55.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/brokerages-turn-bullish-on-india-as-inflows-fuel-rally/articleshow/135696007.cms"
  },
  "original_language": "en",
  "account": "Mumbai: The global brokerage firms HSBC, Citigroup and Jefferies have expressed increased optimism about Indian equities. They cite improving earnings outlooks, attractive valuations and a potential for foreign fund inflows as key factors behind the market's recent recovery. HSBC has upgraded Indian equities to \"Overweight\" from \"Neutral,\" highlighting resilient corporate earnings and more reasonable valuations. The firm favors banks, industrials, consumer discretionary companies, insurers and hospitals in India. Citigroup anticipates the Nifty 50 index to reach 28,000 by the end of 2027, driven by strong earnings prospects, lower oil prices, and a slowdown in AI-related capital expenditure. This target suggests a potential 12% upside. Jefferies has also increased its weightage for India in its Asia-Pacific ex-Japan relative-return portfolio by two percentage points, maintaining an \"Overweight\" stance. The brokerage has reduced its allocations to South Korea and Taiwan each by one percentage point, keeping Underweight positions in both markets. The positive sentiment is fueled by a sharp recovery in Indian equities, bolstered by lower crude oil prices, a correction in AI-related stocks globally, and renewed enthusiasm from foreign investors. Foreign investors have invested approximately $4 billion worth of Indian equities during the recent rally.",
  "summary": "Global brokerages HSBC, Citigroup, and Jefferies have upgraded their outlook on Indian equities. They cite improving earnings prospects and attractive valuations as key factors for this optimism. Recent foreign fund inflows and reduced oil prices further support this positive sentiment. Citigroup anticipates significant growth in the Nifty 50 by the end of 2027. Overall, Indian equities are…",
  "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."
}