HSBC downgrades India to 'underweight' on inflationary pressures from elevated oil prices
- Posted on April 24, 2026
- By Business News Today
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- 1 min read
HSBC downgrades India to 'underweight' on inflationary pressures from elevated oil prices
HSBC has downgraded India to underweight, citing inflationary pressures from elevated oil prices and demand as key concerns. The brokerage anticipates a delay in India's economic recovery, with potential earnings cuts expected to impact valuations despite recent market sell-offs. This downgrade reflects weakening relative attractiveness for Indian equities compared to regional peers.
