Can Nifty hit 28,000 before 2028? Citi raises target, sees $12 billion inflows
Executive Brief • Key Highlights
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- ✓Citi Research raised its Nifty 50 target to 28,000 by end-2027, expecting a 12% upside.
- ✓The firm said, "Our analysis suggests a 100 bps increase in India active weight could drive $12 billion of inflows." Easing oil prices and reduced AI investments helped the market rally after a recent downturn.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Citi Research has raised its Nifty 50 target to 28,000 by end-2027, implying 12% upside, citing easing oil prices, stronger foreign inflows and a possible rotation away from AI-heavy investments. The brokerage also sees scope for $12 billion in foreign inflows as global investors increase their exposure to Indian equities.
After Nifty rallied a whopping 9% in just one week, international brokerage firm Citi Research issued a bullish note, raising its target to 28,000 points by end-2027 amid multiple tailwinds.
Citi’s target of 28,000 implies around 12% jump from Nifty’s previous closing level below 25,000 when the market slipped slightly during the special Muhurat Trading session on Sunday. Prior to that, the market was rallying for six consecutive days, clawing back some of the ground lost to the overall downturn this year so far.
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The Economic Times
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