Why foreign analysts like Citi, Jefferies are suddenly turning bullish on India's gloomy markets

Citi has recently upgraded India to “overweight” status, as strategists forecast a significant upside driven by the countrys less demanding valuations. They noted that “the market also screens like a relative outperformer, should tariff risks return.” Additionally, Indias sharp downturn from recent highs has been marked by persistent selling from foreign institutional investors, who have offloaded stocks worth as much as Rs 2 lakh crore, further influencing market dynamics.