“While we expect Nifty to give a 10-12% return over the next year, we also see volatility levels going up in the near term given uncertainties to global growth due to aggressive tightening by the US Fed. While the US Fed may not raise rates further, high-interest rates, withdrawal of liquidity by the US Fed and uncertainties over global growth will have an adverse impact on FPI flows.”
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
November 9, 2026