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India market now offers value vs Chinese equities; Sensex seen touching 94,000 by end‑2026: HSBC
HSBC forecasts Sensex at 94,000 by end‑2026 and says India now offers value compared with China.
Global brokerage HSBC upgraded India to “overweight” and forecasts the BSE Sensex will reach 94,000 by end‑2026, citing around 15% earnings‑per‑share growth for Indian companies and reduced downgrade risks.
The report says India now offers better value compared with Chinese markets, as valuations in India have moderated and foreign‑investor interest is set to pick up.
Analysts highlight that equity inflows, earnings resurgence and the structural growth story all underpin the upward revision.