Citi raises Nifty target to 28,000, sees 12% upside on earnings growth, lower oil prices

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…

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.