New Delhi, Sept. 24 -- Global research firm HSBC has upgraded its stance on Indian equities from 'Neutral' to 'Overweight', citing improved valuations, supportive government policies, and resilient domestic investor flows. The firm has set a Sensex target of 94,000 by the end of 2026, implying a potential upside of over 13 percent from current levels.

In intra-day deals today, Wednesday, September 24, the Sensex lost 494 points to its day's low of 81,607.84.

The upgrade marks a strategic shift in HSBC's regional equity outlook, positioning India as an attractive market amid broader Asian volatility. Earlier in January, the firm had downgraded Indian equities due to a slowdown in growth coupled with high valuations, which limited upside ...