Global brokerage HSBC has turned positive on Indian equities, projecting the Sensex to reach 84,000 by the end of 2026. Abhishek Basumallick, Co-founder & Fund Manager, Shree Rama Managers, believes the market could outperform even this target over the next 18-24 months. He remains optimistic about mid-cap and small-cap stocks while expecting broader market gains as FII inflows improve and macro conditions remain supportive. With Indian markets consolidating over the past two years, he believes this phase offers an attractive opportunity for long-term investors with a five-year investment horizon.
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