Indian markets surged on Wednesday, reversing Tuesday’s losses, buoyed by falling crude oil prices and a positive sentiment from the monsoon’s arrival. Key sectors like banking and IT led the gains, with analysts pointing to expectations of discounted Iranian crude benefiting the economy. Despite mixed Asian markets, domestic investors showed strong buying, offsetting foreign outflows, as the VIX eased.
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
November 9, 2026