📉 India stock outlook cuts as foreign funds shift focus
Equity analysts are cutting India's stock market outlook as foreign funds seek value in other Asian markets. Specifically, the Nifty 50 was forecasted to rise to 25,556 by end-2026, according to a Reuters poll from August 13-26. This comes as overseas investors sold around 2.4 trillion rupees of Indian shares this year, opting for cheaper or AI-exposed opportunities elsewhere. Despite strong domestic economic growth, these outflows, coupled with rupee depreciation, are dampening foreign interest. Domestic investors are stepping up to support the market amid this global trend. 📉