Citi and Nomura Lower Year-End Nifty Targets Amid West Asia Conflict and Rising Oil Prices

Global brokerages Citi and Nomura have lowered their year-end Nifty 50 targets amid rising oil prices and geopolitical tensions from the ongoing West Asia conflict. Citi cut its target to 27,000 from 28,500, citing potential supply disruptions that could reduce India's growth and raise inflation. Nomura revised its target more sharply to 24,900 from 29,300, highlighting risks to earnings and economic growth if oil prices remain elevated. Both firms note market volatility and potential downside risks, while also identifying sectoral opportunities amid uncertainty.