#Mumbai

Indian equities are expected to see incremental foreign inflows, and recent market movements imply the worst of the underperformance is over, presenting an opportunity for diversification away from the global AI rally, a report said on Friday.

“We are overweight Indian equities from the Asia perspective, with an end-2026 index target for Sensex at 94,000,” according to the report from HSBC Global Investment Research. After underperforming Asia by 30% in the past 12 months, we think the worst is over for Indian equities, the report said, defending its upgrade to overweight India.

Herald van der Linde, CFA, Head of Equity Strategy, Asia Pacific, reported that Indian equities are currently the biggest underweight in global emerging market (GEM) portfolios, and only a quarter of the

See Full Page