Nifty 50 target: Index in sweet spot? 28,000 soon? HSBC, Citi and Bernstein raise targets after sharp 13.5% recovery
New Delhi, Nov. 11 -- The Indian stock market continued its bullish run, with both frontline indices surging nearly 1% in Wednesday's trade, hitting an 8-month high and extending last week's phenomenal rally.
The Nifty 50 has now recovered around 13.5% from its war-induced lows, while its year-to-date losses have narrowed to just 3.35% after previously slipping into double-digit declines.
Although the Indian market's performance was relatively subdued compared with its Asian peers, most of which were trading with stronger gains, domestic equities continued to build on their recent recovery, supported by improving investor confidence and renewed buying interest.
The recovery has largely been supported by the return of overseas investors...
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