Citi Forecasts Nifty 50 to Reach 28,000 by End of 2027
Citi Research projects that India's Nifty 50 index could reach 28,000 points by the end of 2027, driven by strong earnings prospects and declining oil prices. Increased foreign portfolio investor activity has boosted market sentiment. Lower oil prices are expected to improve India's macroeconomic conditions and help reduce inflation rates, supporting equity market growth.
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