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HSBC Downgrades India Again Citing War Risks and Oil Driven Inflation Fears
Business
Published on 24 April 2026
A second downgrade in weeks as oil spikes amid war jitters
HSBC Securities has downgraded India to “underweight” for the second time in a month, keeping a bearish stance on the stock market. The move is tied to heightened US-Iran war risks and surging oil prices, which could stoke inflation concerns and pressure investor sentiment.
- HSBC keeps a bearish view by downgrading India to underweight again
- The brokerage cites US-Iran war worries as a key risk factor
- Rising oil prices raise inflation-linked concerns
- Second downgrade in a month signals mounting caution on markets
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This summarization was done by Beige for a story published on 
Republic