New Delhi, Sept. 25 -- Global brokerage HSBC has upgraded India to "overweight" from "neutral", citing improving macroeconomic conditions, attractive valuations and policy support that could boost consumption and corporate earnings.

According to HSBC's Asia Equity Insights Quarterly Strategy Report released on Wednesday September 24, Indian equities have lagged emerging market peers over the past year due to a domestic slowdown and concerns over high US tariffs, but now looks attractive.

"India now appears attractive on a regional basis: we move to overweight from neutral," noted the report.

HSBC now sees India as offering better value relative to other Asian markets and expects the Sensex to touch 85,130 by end 2025 and 94,000 by end-...