HSBC has upgraded Indian equities to overweight, encouraged by resilient local investors and supportive government policies. Valuations are no longer a major concern, and foreign funds have light positions. The bank projects a Sensex target of 94,000 for 2026, indicating a 15% upside, despite a gradual growth recovery and potential impacts from US tariffs.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding