
Citi India Assigns An Overweight Rating To Indian Market, Says Nifty Could Reach 26,000 By 2025-End
Citi has upgraded India to ‘Overweight’ from ‘Neutral’ in its latest research report, citing attractive valuations, improving consumption trends amid tax cuts and potential 50 bps rate cut. The brokerage expects the Nifty 50 index to touch 26,000 by December 2025, implying a 15 percent upside from current levels.
Where is the Indian market headed? Surabhi Upadhyay, Nigel D'Souza and Reema Tendulkar speak to Surendra Goyal, Head of India Research at Citi, Samiran Chakraborty, Chief Economist-India at Citi and Kunal Shah, Director-India Banks & Financials at Citi.
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