Nifty 50 targets, April 28 -- A growing chorus of global brokerages is turning cautious on India as geopolitical tensions and crude oil prices above $100 per barrel begin to reshape the macro outlook. While India's structural growth story remains intact, near-term risks around inflation, currency weakness, and earnings downgrades are forcing a tactical rethink.

The Strait of Hormuz disruption has emerged as a key pressure point, raising concerns over energy supply shocks in a country heavily reliant on imports. As a result, multiple global houses have cut Nifty targets, lowered earnings expectations, and downgraded market stance, signalling that valuations may no longer fully justify the risks.

The shift reflects a broader transition fr...