This is because market regulator Securities and Exchange Board of India (Sebi) in its board meeting last week has decided to make it mandatory for the top 100 listed companies by market capitalisation to confirm or deny market rumours that impact their stock prices.
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