Middle East Conflict Prompts Citi and Nomura to Cut India's Nifty 50 Annual Targets

Middle East conflict prompts Citi and Nomura to cut India's Nifty 50 annual targets

Citigroup lowers Nifty target to 27,000 amid war risks

The global brokerage has cut its Nifty target to 27,000 from the earlier estimate of 28,500. Even after the reduction, the new target still suggests a possible upside of about 17% from the Nifty’s last closing level.

West Asia conflict prompts Citi and Nomura to cut India's Nifty 50 annual targets

Citi and Nomura cut India's Nifty 50 targets due to West Asia conflict, highlighting rising risks to growth and earnings.

Citi, Nomura see headwinds for Indian markets on US-Iran war, cut 2026-end Nifty targets by up to 15%

The US-Israeli war on Iran, now in its third week, has triggered volatility across global commodity, currency and equity markets.

Citi cuts Nifty's target to 27,000 on earnings, macro risks from raging Iran war

Citi Research has lowered its year-end Nifty 50 target to 27,000, citing escalating Middle East war risks impacting India's growth and corporate earnings. Surging oil and supply shocks are worsening the economic outlook, with potential disruptions to LPG, LNG, fertilizers, and petrochemicals. The brokerage also downgraded the auto sector to 'neutral' due to price spikes and potential semiconductor issues.

Nomura, Citi slash year-end Nifty 50 target

Foreign brokerages have started to cut their year-end targets for the Nifty 50 index amid the ongoing West Asia conflict.