Nifty at 26,000? Citigroup sees 10% upside for Indian stocks in 2025; here’s why
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21 hours, 29 minutes ago

Nifty at 26,000? Citigroup sees 10% upside for Indian stocks in 2025; here’s why

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Citigroup Inc. is anticipating a 10th straight year of gains for India’s $5 trillion stock market, driven by a recovery in economic growth as well as robust corporate earnings. “India’s EPS growth outlook remains robust and relatively low risk given the diversified universe of listed companies,” strategists including Surendra Goyal wrote in a note. “With some policy support the economy could return to a ~6.5% growth path in 2025, though a robust private investment recovery could remain elusive.” Citi joins Morgan Stanley in predicting double-digit returns for the Indian market. Morgan Stanley sees India’s other benchmark, the BSE Sensex, rising 18% in 2025, as retail buying stays ahead of supply of new shares, the brokerage said last week.

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