J.P.Morgan Lowers India Equity Rating to Neutral
The brokerage cut its Nifty 50 year-end target to 27,000 citing energy supply risks and inflation. High valuations and market dilution also weigh on the outlook.
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Xurve View
JPMORGAN CHASE & CO has downgraded equities in India to neutral from overweight, citing a combination of high valuations and macroeconomic risks stemming from energy supply disruptions. This move follows a similar rating cut by HSBC HOLDINGS PLC just one day prior, signaling a shift in sentiment among major global financial institutions.
