HSBC Sees Sensex at 94,000 by Dec 2026: 3 Key Drivers
HSBC Sees Sensex at 94,000 by Dec 2026: 3 Key Drivers
HSBC sticks with a bullish India view, predicting Sensex at 94,000 by December 2026 as earnings rebound, valuations ease, and foreign inflows rise.
HSBC remains bullish on Indian equities and projects the BSE Sensex to touch 94,000 by December 2026, about 13% above current levels around 83,176. This optimistic target rests on a three-pronged case: a broad-based earnings recovery, valuations that are no longer a major headwind, and the prospect of renewed foreign inflows. On the earnings front, consensus expectations point to roughly 15% EPS growth in calendar year 2026, with reduced downgrade risk compared to 2025. Banks had been a drag on growth this year, but as time deposits roll over, margins are expected to widen in the coming quarters, supporting overall profit growth.
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