Reforms, AI capex peaking could revive interest in India: Candace Browning, BofA Global Research

June 2, 2026

BofA Global Research head Candace Browning anticipates India will benefit from a West Asia crisis resolution and the peak of global AI capex, though Indian equities may lag emerging markets in the near term. She forecasts a year-end Nifty target of 26,200, but warns of potential pressure on valuations if conflicts persist.

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