Citi Research has lowered its year-end Nifty 50 target to 27,000, citing escalating Middle East war risks impacting India’s growth and corporate earnings. Surging oil and supply shocks are worsening the economic outlook, with potential disruptions to LPG, LNG, fertilizers, and petrochemicals. The brokerage also downgraded the auto sector to ‘neutral’ due to price spikes and potential semiconductor issues.
Fixed income investments look attractive amid market volatility, says Basant Bafna
Investors are finding fixed income attractive amid market volatility. Basant Bafna of Mirae Asset Mutual Fund highlights appealing spreads and carry advantages. Inflows into fixed