HSBC has upgraded Indian equities to overweight, encouraged by resilient local investors and supportive government policies. Valuations are no longer a major concern, and foreign funds have light positions. The bank projects a Sensex target of 94,000 for 2026, indicating a 15% upside, despite a gradual growth recovery and potential impacts from US tariffs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets