business-news
Citi sees 12% Nifty upside, hikes target to 28,000
New Delhi
India's benchmark Nifty could rise to 28,000 by December 2027, offering an upside of around 12 per cent from current levels, as improving corporate earnings, lower crude oil prices and a more measured pace of artificial intelligence-related spending support the domestic equity market, according to a report by Citi.
The brokerage has raised its Nifty target to 28,000 from 26,000 earlier, increasing its valuation mult...