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HSBC sees India as diversification option from crowded AI stocks
HSBC targets Sensex 94,000 by 2026, pointing to India as a diversification destination away from tech-centric portfolios.
The global bank has reiterated its bullish outlook on Indian equities, setting a target for the BSE Sensex to reach 94,000 by end-2026.
HSBC positions India as a viable alternative for investors seeking diversification away from heavily concentrated AI and tech exposures.
While acknowledging valuation risks globally, the firm cited India’s structural growth story - including rising consumption, manufacturing push and investment inflows - as key strengths.