HSBC Global Investment Research has turned bullish on India. The brokerage firm has raised its stance to ‘Overweight’ from ‘Neutral’. Furthermore, it projected that the Indian domestic index Sensex to touch 94,000 by the end of 2026. This represents an upside of nearly 13% from current levels.

According to the brokerage report, India now looks “attractive on a regional basis.” Despite heavy foreign outflows in recent months, resilient domestic investors and supportive government policies are making India stand out as Asia’s “quiet corner.”

Why HSBC is positive on India

In its Asia Equity Insights Quarterly, the brokerage house noted that India is beginning to look more attractive when compared with its regional peers. “India now appears attractive on a regional basis; we move to o

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