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HSBC Upgrades India Equities to Overweight, Eyes Strong Rally
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HSBC turns bullish on India stocks, expects strong upside by 2026.
HSBC has raised its rating on Indian equities from neutral to overweight, citing attractive valuations, policy tailwinds, and growing domestic participation. The bank projects the benchmark Sensex index could rally significantly by 2026. The upgrade sends a bullish signal to institutional investors, possibly encouraging fresh capital flows into large caps and midcaps amid India’s broader macro challenges.