Citi upgrades India to ‘overweight’, sees Nifty hitting 26,000 by December
There is ‘meaningful upside’ in Indian equities amid ‘less demanding’ valuations, Citi said in a note. Citi upgrades India to ‘Overweight,’ sees Nifty hitting 26,000 by year-end Citi has upgraded India to ‘Overweight’ from ‘Neutral’ in its latest research report, citing attractive valuations, improving consumption trends amid tax cuts and potential 50 bps rate cut.…