Closer home, high inflation, led by food presents another challenge to the markets. With the Rabi crop already affected, the worry now is that El Nino would damage prospects of Kharif sowing too.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings