New Delhi, Dec. 16 -- India's equity markets are poised for a stronger performance in 2026 supported by lower inflation, ongoing tax reforms, and a more accommodative monetary policy, according to a latest report by HSBC Global Research. The international brokerage upgraded its stance on India to 'overweight' within the Asia region, reflecting its confidence in the country's economic resilience and corporate earnings outlook.

HSBC reiterated its earlier year-ahead projection for the benchmark index, maintaining its Sensex end-2026 target at 94,000, which implies over 10% upside from current levels.

"We are overweight India in an Asia context; our unchanged Sensex end-2026 target is 94,000, up 10% from current levels," HSBC said in the r...