BusinessPhoto: Amar BusinessNifty May Cross 28,000 by 2027 Supported by Strong Outlook
Nifty50, a key Indian equity index, is projected to reach 28,000 by the end of 2027, about 12% higher than its current level near 25,000. A report by brokerage firm Citi Research cites strong earnings outlook, lower oil prices, and reduced AI-related capital spending as key factors. Recent gains are driven by increased foreign portfolio investments and easing oil prices, improving market sentiment after US midterm elections.
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