Unlike 2008, the current scenario is more of a duration crisis or MTM crisis and not a credit crisis. In the recently concluded FOMC meeting, it is clear that the continuation of rate hikes to tame inflation is a priority.
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