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JPMorgan has lowered its year-end base target for the benchmark Nifty 50 index to 27,000 from 30,000 earlier.
JPMorgan has lowered its year-end Nifty 50 base target to 27,000 from 30,000.
KEY POINTS
- India Inc's March-quarter earnings growth expectations have been trimmed, with consumer staples downgraded to Neutral.
- JPMorgan cut India's FY27 real GDP growth forecast by 50 basis points due to macro risks.
- MSCI India earnings growth forecasts for CY26 and CY27 were reduced to 11% and 13%, respectively.
- JPMorgan now prefers high-growth domestic cyclicals over defensives for better earnings visibility.
COMPANIES
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