Chinese tech giant Huawei said on Monday it had developed a new way of making semiconductors that could get around its U.S.-enforced lack of access to the most advanced chipmaking equipment. Huawei has in recent years been at the centre of a geopolitical standoff after Washington warned its
World Tarot Day 2026: The most misunderstood tarot cards and what they actually meanPeople tarot as entertainment or fear it because of the dramatic social media readings. But tarot was never meant to work through fear; it is a symbolic tool. Updated on: May 25
From mirrors to mood lighting, these 5 budget-friendly decor tricks can make small homes look surprisingly luxuriousWant to upgrade your home into a luxurious space? Here are some budget-friendly decor ideas you can consider for a beautiful home. Published on: May 25
A Bahraini court sentenced nine defendants to life in prison and two others to three years in jail for collaborating with Iran’s Revolutionary Guard Corps (IRGC) to carry out what it described as “hostile and terrorist acts” against Bahrain
Tarot vs Astrology: Which one can predict your future better? An expert breaks it downAstrology explains cosmic timing and patterns. Tarot explains your emotional experience of those patterns. One gives you the map, the other acts like a mirror. Updated on: May 25
Citi Cuts Nifty Target To 27,000 As Middle East War Turns Oil Shock Into Bigger Risk For India
Citi Cuts Nifty Target To 27,000 As Middle East War Turns Oil Shock Into Bigger Risk For India
The US–Israeli war with Iran, now entering its third week, has continued to disrupt global commodity, currency and equity markets
Also Read :NRIs Push Luxury Housing Demand, Account For Nearly One-Third Of DLF Property Sales In FY26
Citi Research has lowered its year-end target for India’s Nifty 50, citing rising risks to economic growth and corporate earnings as the escalating conflict in the Middle East drives oil prices higher and threatens supply chains.
Also Read :New ITR Deadlines, STT Hike, Revised Return Window Extended: Know Key Income Tax Changes From April 1
The brokerage has cut its Nifty target to 27,000 from 28,500, implying about 17 percent upside from the index’s last closing level. Citi also reduced its valuation multiple for the index to 19 times one-year forward price-to-earnings, from 20 times earlier.
According to analysts led by Surendra Goyal at Citi Research, the extent of India’s fiscal and monetary response will depend on how long the conflict lasts and how severe the disruptions become. “The impact on earnings will largely depend on the duration of the supply shutdown,” the analysts said in a note on Monday.
Also Read :Advance tax deadline today: Can you pay the final instalment on Sunday? Credit card rules explained
Citi estimates that if supply disruptions persist for three months, India’s FY27 GDP growth could decline by 20–30 basis points, while inflation may rise by 50–75 basis points. The situation could also widen the fiscal deficit by about 10 basis points and add roughly $25 billion to the current account deficit, the brokerage said.
The Reserve Bank of India (RBI) is expected to remain on hold in its April policy meeting, though its stance may shift slightly toward supporting growth if fiscal measures absorb much of the inflationary impact, Citi added.
Also Read :Sensex, Nifty trade flat in early trade amid Middle East tensions
The US–Israeli war with Iran, now entering its third week, has continued to disrupt global commodity, currency and equity markets.
Indian markets have already reacted sharply. Both the Nifty 50 and the BSE Sensex entered technical correction territory last week, falling about 10 percent from their record highs. Since the conflict began, the indices have declined roughly 8 percent each, while the Indian rupee has slid to record lows.
Citi noted that the crisis is evolving from a simple energy price shock into a broader supply shock, with disruptions spreading across multiple commodities. These include LPG, LNG, fertilisers, petrochemicals and aluminium, potentially raising input costs and tightening supply for industries such as automobiles, construction, food processing, pharmaceuticals, paints and shipping.
Also Read :Oil prices climb nearly 4% amid escalating West Asia conflict
According to Citi, fertiliser and petrochemical sectors are particularly vulnerable due to India’s heavy dependence on imports from the Middle East.
The brokerage has also downgraded the auto sector to “neutral” from “overweight”, citing risks from rising crude and gas prices as well as potential supply disruptions linked to semiconductors.
As part of the revision, Mahindra & Mahindra has been removed from Citi’s list of top picks, while Mahanagar Gas has been dropped from its mid-cap preferred stocks.
Overall, Citi warned that prolonged geopolitical tensions could continue to pressure Indian equities if higher energy costs and supply disruptions begin to weigh more heavily on growth, earnings and inflation.
Source :News18.com
Source: OfficeNewz
Related Posts: Iran warns continued Israeli attacks on Hezbollah in Lebanon will bring Oil up 1% amid continued stalemate on US-Iran talks Not normal to tolerate Pakistan's continued use of terror as instrument of state Assam CM continued to make ‘religiously provocative’ comments despite HC notice How Patna’s importance continued across centuries Apple’s new CEO and Stuffcool’s continued brilliance Women’s cricket in India is entering its golden chapter Lebanese and Israeli envoys to meet as Israel presses war on Hezbollah Israeli Security Cabinet approves plan to take over Gaza City in escalation of war Israeli PM Netanyahu vows to carry on war
The National Testing Agency (NTA) has postponed the Common University Entrance Test Undergraduate (CUET-UG) 2026 examinations scheduled for May 28 in both shifts following a change in the Bakrid holiday date. The agency said revised examination dates for the affected candidates will be announced
1 days ago
President Nikos Christodoulides present, Cyprus positions itself as Europe gateway for HT Labs, other Indian AI firmsRepresenting HT Labs, the innovation and technology arm of HT Media Group, Avinash Mudaliar, Co-Founder and CEO, participated in discussions. Updated on: May 25
1 days ago
The Delhi Gymkhana Club has moved the High Court against the Union government’s order directing it to hand over its 27.3-acre premises by June 5, Live Law reported on Monday. The matter was mentioned before Justice Avneesh Jhingan on Monday by advocate Abhishek Manu Singhvi
1 days ago
Strains of the old "Glory, Glory" anthem echoed inside the giant stadium as Tottenham Hotspur stepped back from the precipice of the most humiliating relegation in Premier League history. Spurs players and supporters were in unison at last as they could finally look forward to next season as a
1 days ago
Australian cricketer Megan Schutt will conclude her international career after the 2026 T20 World Cup. The seasoned bowler aims for a strong finish in her final major ICC campaign. Schutt, a veteran of many successful tournaments, wants to pass the baton to the next generation of players
1 days ago
The Japanese fruit ‘sando’ is becoming India’s favourite summer dessert; take a look With fluffy milk bread, clouds of whipped cream, and jewel-like slices of fresh fruit tucked inside, the Japanese sando has become India’s go-to dessert Updated on: May 25
1 days ago
Madhuri Dixit serves ‘a little bit of drama’ as she gives classic white saree a modern twist with chic jacketMadhuri Dixit proves age is just a number as she stuns in ivory saree with floral prints, layered with a sleek jacket, blending elegance with modern drama. Published on: May 25
1 days ago
Stolen Baby: The Murder of Heidi Broussard: Where is slain mom's family now? What to know as crime drama streamsThe release of Stolen Baby: The Murder of Heidi Broussard on Netflix has brought the 2019 murder case in focus again. Know where the slain mom's family is. May 25, 2026
1 days ago
Crude oil prices plunge after US and Iran have shared significant signals on the progress in talks to end the war, however both sides are still at loggerheads on certain issues. Global oil prices have plunged over 5.5% after US and Iran have indicated that there is significant progress in their
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.From office work to AI tasks: The best Asus ExpertBook P3 and Snapdragon PCs to consider in 2026AI laptops are everywhere in 2026, but only a few actually improve daily work
1 days ago
LeBron James has spent more than two decades rewriting NBA history. On Sunday, though, one of his most remarkable streaks finally came to an end. For the first time since his rookie season in 2003-04, the Los Angeles Lakers superstar was not named to an All-NBA team
1 days ago
Priyadarshan on Paresh Rawal's exit from Hera Pheri 3: ‘Not aware’Hera Pheri 3 faces turbulence as Paresh Rawal reportedly leaves the film, returning his signing fee. May 25, 2026, 13:38:45 IST Written by Vibha Maru Share via Copy link The controversy around Hera Pheri 3 doesn’t seem to end
1 days ago
BJD Rajya Sabha MP Debashish Samantaray has resigned from the party. He cited systematic belittlement as the reason for his departure. This follows similar exits by other Rajya Sabha MPs. Samantaray expressed gratitude to party chief Naveen Patnaik for past opportunities
1 days ago
Prashant Kishor to finally contest an election himself? Jan Suraaj Party targets Bankipur, via an ashramKishor is bullish on Bankipur, and claimed that only the Jan Suraaj Party can defeat the BJP there. "We just need to field a strong candidate," he said. Updated on: May 25
1 days ago
It’s been almost five months since Ranveer Singh’s exit from Don 3 sparked controversy. Now, as the dispute between Farhan Akhtar and the actor continues, the Federation of Western India Cine Employees (FWICE) has finally intervened, announcing that its decision on the matter will be revealed
1 days ago
Even George Russell’s biggest critics would probably admit one thing right now: the Briton’s luck this season has been brutal. And standing beside his stricken Mercedes in Montreal on Sunday night, Russell looked completely drained by it all. After opening the season with victory in Shanghai
1 days ago
Turn a classic, creamy tiramisu into a refreshing summer treat by swapping coffee for juicy mango and layering it with fresh fruit and light mascarpone cream. This mango‑infused version keeps the dessert’s rich, custard‑like texture but adds a bright
1 days ago
As Cannes Film Festival closes, which are the acclaimed films from this year's crop that could be heading for Academy Award nominations? If you want to know which films are going to be nominated for Oscars, it's worth looking at what premiered at the Cannes Film Festival the previous May
1 days ago
Delhi Capitals' IPL journey concluded with a sixth-place finish. Coach Hemang Badani cited inconsistent play and missed opportunities as reasons for the team's failure to reach the playoffs. Crucial losses, dropped catches, and batting collapses hampered their campaign
1 days ago
3 elephant calves die within 17 days in Chhattisgarh’s DharamjaigarhEight elephant calves have died in Dharamjaigarh forest division over the past five months due to drowning, getting trapped in marshland, etc Published on: May 25, 2026 1:27 PM IST By Ritesh Mishra Share via Copy link Three
1 days ago
The Canadian Grand Prix was the race in which the Formula 1 title battle finally came alive this year. It was also, however, the race in which it took a potentially decisive turn, putting a huge dent in George Russell's hopes of beating his 19-year-old Mercedes team-mate Kimi Antonelli to the
1 days ago
CBSE Class 12 answer sheet scanned copies application window ends today, direct link hereCBSE Class 12 answer sheet scanned copies application window will close today, May 25, 2026. The direct link to apply is given here. Published on: May 25
1 days ago
Microsoft techie couple in Noida breaks down ₹1.6 lakh monthly expenses, says city feels balanced despite rising costsA Microsoft couple in Noida revealed they spent around ₹1.6 lakh monthly while balancing work, lifestyle and family needs. Published on: May 25
1 days ago
A CBSE Class 12 student has raised serious concerns over the board’s re-evaluation process after claiming the Physics answer sheet uploaded under his roll number does not belong to him. The student shared comparisons of multiple answer sheets and demanded an urgent investigation into the alleged
1 days ago
Thyroid disorder cases have been gradually rising over the past few years, especially in younger adults and the younger working generations. Even though genes and autoimmune disorders play a role, the way we live our lives is becoming a reason for thyroid problems. We speak to Dr Aravind Badiger
1 days ago
Sandhu finishes T-63, Sterne wins after gap of 13 yearsSandhu finishes T-63, Sterne wins after gap of 13 years Published on: May 25, 2026 1:47 PM IST PTI Share via Copy link Rinkven , Indian golfer Yuvraj Sandhu endured a difficult final day to finish T-63 at the Soudal Open here
1 days ago
Cardiologist reveals the real cause of heart attacks that most people overlook and it’s not just ‘bad cholesterol’Could your gut health be affecting your heart? A cardiologist explains how inflammation, poor sleep, stress, and unhealthy habits may raise heart attack risk. Published on: May 25
1 days ago
