💨 Abstract
HSBC downgraded Indian equities to 'neutral' due to slowing growth and elevated valuations, joining other brokerages with similar views. The BSE Sensex target for end-2025 was reduced by 5%, implying a 10% upside. The brokerage expects muted market returns in 2025, citing a cyclical growth slowdown and high valuations.
Courtesy: theprint.in
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