US-Iran war impact: Global brokerages Citi, Nomura slash Nifty 50 December-end targets as Middle East tensions weigh
Brokerages Citi Research and Nomura have trimmed their year-end targets for India’s Nifty 50, citing rising risks to growth and corporate earnings as surging oil prices and supply shocks from the escalating Middle East war darken the outlook for Asia’s third-largest economy. Citi cut its target to 27,000 from 28,500, implying a 17% upside from…
