Citi cuts Nifty 50 year-end target to 27000 pts, downgrades auto sector
This story was originally published at 10:48 IST on 16 March 2026
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--NDTV Profit: Citi cuts Nifty 50 year-end target to 27000 pts from 28500
--NDTV Profit: Citi downgrades auto sector to 'neutral' from 'overweight'
--NDTV Profit: Citi see 50-75 bps upside to FY27 inflation
--NDTV Profit: Citi see FY27 inflation rise if crude remain high for 3 mos
--NDTV Profit: Citi see 20-30 bps downside risk for FY27 India GDP growth
--NDTV Profit: Citi see FY27 India GDP growth fall if crude stay up for 3 mos
MUMBAI – Global brokerage firm Citi has cut the Nifty 50 index's year-end target by 1500 points to 27000 points. The brokerage has lowered the 50-stock index's target multiple to 19 times from 20 times to factor in the downside risks of 2026-27 (Apr-Mar) earnings, NDTV Profit posted in its 'X' account.
Citi downgraded the automobile sector to 'neutral' from 'overweight' due to the risks posed by crude oil and gas price hikes. The brokerage also considered potential semiconductor-related disruptions to downgrade the sector. It has also removed Mahindra & Mahindra from its top picks, NDTV Profit posted.
The brokerage sees a 50–75 basis point upside risk to average FY27 India inflation if the crude oil prices remain elevated for around three months. It also expects a 20–30 bps downside risk for India's GDP growth for FY27 on a three-month persistent rise in crude oil prices. An around 0.1 percentage point upside risk to the central fiscal deficit and around $25 billion upside risk to the current account deficit are also expected by the brokerage. End
Reported by Arundathi A R
Edited by Deepshikha Bhardwaj
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