CITIGROUP analyst Surendra Goyal says US midterm outcomes could slow AI-related spending and prompt capital rotation into non-AI assets, supporting Indian equities. The Nifty 50's weight in emerging-market portfolios is near a multi-year low; CITIGROUP estimates each 1 ppt rise in weight could attract ~ $12 bln. Stronger earnings growth and lower oil prices are additional supports: a $10 decline in oil would raise Nifty 50 earnings by roughly 2%. CITIGROUP raised its Nifty 50 Dec 2027 target to

CITIGROUP analyst Surendra Goyal says US midterm outcomes could slow AI-related spending and prompt capital rotation into non-AI assets, supporting Indian equities. The Nifty 50's weight in emerging-market portfolios is near a multi-year low; CITIGROUP estimates each 1 ppt rise in weight could attract ~ $12 bln. Stronger earnings growth and lower oil prices are additional supports: a $10 decline in oil would raise Nifty 50 earnings by roughly 2%. CITIGROUP raised its Nifty 50 Dec 2027 target to 28,000 from 26,000.