HSBC thinks Sensex could hit 94,000 by 2026
HSBC recently gave Indian stocks a thumbs up, saying the Sensex might reach 94,000 by the end of 2026—a jump of over 13% from where we are now.
They're feeling confident thanks to better market valuations, steady government reforms, and strong support from Indian investors even as other Asian markets stay shaky.
Why does this matter?
Even though foreign investors pulled out $16.8 billion this year, the Sensex and Nifty still climbed nearly 10% and are close to their all-time highs.
Local investors have helped keep things steady.
HSBC's call is a nod to India's staying power—and hints at more global money flowing in soon.
What's pushing this optimism?
HSBC expects company earnings to bounce back after a long pause. Banks could see bigger profits, while sectors like autos may benefit from lower interest rates.
Plus, since India is still undervalued compared to China and isn't tied up in the global AI hype, it looks appealing for investors wanting something different in their portfolios.