Nifty 50 forecast at 28,000 by end of 2027... Citi raises target to 2,000 points

Citi raised its December 2027 target for the Nifty 50 index to 28,000 from 26,000, analyst Surendra Goyal wrote in a report cited by Jin10. The bank argued that a US midterm election outcome could slow AI capital spending and shift flows toward non-AI assets, a backdrop it sees as favorable for Indian equities. Citi also said India's weight in emerging-market portfolios sits near a multi-year low, and estimated that a 1 percentage point increase would draw roughly $12 billion of inflows. The bullish case rests on corporate earnings growth and lower oil prices, with Citi noting that a $10 move in crude would affect the outlook. Investors will watch whether foreign allocations to India rebuild toward historical levels and whether earnings and crude prices confirm the bank's assumptions.