While retaining its bullish view on the Indian equity market, HSBC believes that the benchmark equity index—BSE Sensex—may touch the 94,000-mark by December 2026. This shows an upside of 13% against the current levels of 83,176. The global financial services firm believes that earnings recovery, valuations and foreign inflows will support the market in the coming months. On a year-to-date basis, Sensex and Nifty50 have gained 6.6% and 7.89%, respectively, till November 6. Advertisement

HSBC, in a report, said that earnings have bottomed in India, and it may see a broad-based recovery in calendar year 2026. “Consensus has pencilled in EPS growth of 15% for the calendar year 2026, with reduced risks of downgrades compared to 2025. Banks were a large drag on growth this year, but as time de

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