HSBC cut its rating on Indian equities to "neutral" on Thursday, joining a growing list of global brokerages that have tempered their bets on Asia's third-largest economy on slowing growth and elevated valuations.

HSBC has downgraded Indian equities to ’Neutral’ due to high valuations and slowing growth, adjusting its Sensex target for 2025 to 85,990. Despite robust structural factors, earnings growth forecasts have been cut significantly,

As India faces slowing economic growth, HSBC Global Research has downgraded the Indian stock market outlook from 'overweight' to 'neutral'. In a report, the global financial services firm said profits at India Inc appeared to have softened while valuations are elevated.

HSBC downgrades Indian stocks to 'neutral' due to slower growth, high valuations, and weak demand. The Sensex and Nifty indices have pulled back, while the banking sector faces challenges. Despite this,

Global brokerage firm HSBC has downgraded Indian equity markets to a " neutral " stance from its earlier " overweight " position, citing slowing growth and elevated valuations. The firm has also revised its 2025-end Sensex target, lowering it by 5,000 points to 85,990.

The Indian economy is facing slow economic growth and HSBC Global Research has downgraded the Indian stock market outlook from "overweight" to "neutral".The global financial services firm in a report said profits at India Inc have softened while valuations are evaluated.