Nifty 50 target: Index in sweet spot? 28,000 soon? HSBC, Citi and Bernstein raise targets after sharp 13.5% recovery

What happened: HSBC, Citi and Bernstein raised Nifty 50 targets after the index recovered about 13.5% from its lows, with both frontline indices hitting an 8-month high. Key numbers: Nifty 50 up about 13.5% from lows; year-to-date losses narrowed to 3.35%; FPIs bought ₹53,739 crore in November so far; Citi target 28,000 from 26,000, about 12% upside; Citi valuation Why it matters: Brokerages cite resilient earnings, softer crude oil prices and a rotation away from AI trades. HSBC upgraded Indian equities to overweight from neutral, and Bernstein kept a near-term Trading Buy rating.

HSBC, Citi and Bernstein raised Nifty 50 targets after the index recovered about 13.5% from its lows, with both frontline indices hitting an 8-month high.

Brokerages cite resilient earnings, softer crude oil prices and a rotation away from AI trades. HSBC upgraded Indian equities to overweight from neutral, and Bernstein kept a near-term Trading Buy rating.