Global brokerages turn bullish on Indian equities as market rebounds
Mumbai: Global brokerages HSBC, Citigroup and Jefferies have turned more bullish on Indian equities, citing improving earnings prospects, attractive valuations, and the potential for foreign fund inflows as…
Attributed summary
Mumbai: Global brokerages HSBC, Citigroup and Jefferies have turned more bullish on Indian equities, citing improving earnings prospects, attractive valuations, and the potential for foreign fund inflows as the market stages a sharp recovery.HSBC Holdings has upgraded Indian equities to Overweight from Neutral, citing resilient corporate earnings and more reasonable valuations. "India offers diversification and low volatility in Asian markets dominated by AI stocks," HSBC said in its latest note.…
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