It contracted by more than a fifth from the peak of $686 billion seen at the beginning of 2022 amid diminishing index returns and rising redemption pressure. In comparison, India’s total market capitalization slipped to $3 trillion, the lowest since July 2022, a drop of 13% from the peak.
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