HSBC sees India as a safe haven amid global AI market excitement. Indian stocks are currently underrepresented in emerging market portfolios. Increased investment could significantly benefit India. HSBC is positive on Indian equities, setting a 2026 Sensex target of 94,000. Valuations are now less of a concern. India offers value compared to Chinese equities.
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with