Nomura Downgrades Indian Stocks to Neutral from Overweight, Suggests Shifting to Korea and China
Nomura has downgraded Indian equities to neutral from overweight, citing elevated energy prices due to the Iran conflict, weaker domestic inflows, and India’s limited participation in the global AI boom. The brokerage has cut its Nifty 50 target for December 2026 to 24,500 from 29,300, recommending investors shift focus toward Korea and China. Why Nomura…