HSBC downgrades Indian stocks to underweight over Middle East conflict
NewsBytes | April 23, 2026 11:39 AM CST
HSBC warns India recovery faces volatility
HSBC points out that global tensions and the Middle East conflict could slow down India's economic recovery.
It also mentions that even though valuations have dropped from their peaks, they might rise again as earnings cuts come through, so things could stay bumpy unless growth picks up soon.
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