JP Morgan downgrades India to neutral amid earnings woes, lack of AI plays
JP Morgan’s 2026 year-end bull / base / bear case targets for the Nifty 50 stand at 30,000 / 27,000 / 20,500 levels, respectively. JP Morgan has downgraded Indian equities to ‘neutral’ amid elevated valuations relative to emerging market (EM) peers, earnings risks, dilution concerns and limited exposure to ‘next-gen’ technology. The downgrade comes…