Banks are seeing their concerns recede, but the risk of deposit outflows to money market funds could still slow lending, putting the economy at risk. There is no negative banking news and the perceived end of the Federal Reserve’s tightening cycle has improved risk appetite, reducing financial stress. With an absence of negative banking news, gold prices will rely on US yields and the dollar index movements, which is a bearish consensus, leading to prices eventually dropping towards interim support levels.
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