India’s economic strength, not AI’s decline, will drive foreign capital inflows, according to Sameer Dalal. He believes AI’s market correction is temporary, while India’s improving fundamentals, including falling crude prices and monsoon progress, position it for growth. Dalal remains bullish on pharma and cement sectors, sees achievable targets for Tata Motors, and suggests patience for IT investors, anticipating a strong FY28.
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