Global brokerage firm Citi has raised its Nifty target to 28,000 by December 2027 from 26,000 earlier, projecting an upside of around 12%. The bullish outlook is supported by expected annual earnings growth of 15–16% between FY26 and FY28, lower crude oil prices and potential foreign investment inflows. Citi also said slower AI-related spending could encourage global investors to diversify towards Indian equities.
