[Citi: US Midterm Elections May Slow AI Spending, Fund Rotation Benefits Indian Stocks] According to Jinshi News, Citi analyst Surendra Goyal stated in a report that Indian stocks may benefit from the results of the US midterm elections, which could slow AI spending and drive funds towards non-AI assets. India's weighting in emerging market portfolios is near multi-year lows, and Citi's analysis suggests that every percentage point increase in this weighting could bring in approximately $12 billion in inflows. The analyst stated that strong earnings growth and lower oil prices also support this outlook. Every $10 drop in oil prices would boost Nifty 50 index earnings by approximately 2%. Citi raised its December 2027 target for the Nifty 50 index to 28,000 points from 26,000.