Nomura Predicts Nifty to Hit 29,300 by 2026: A Bullish Outlook for Indian Equities

Global financial services firm Nomura has delivered an optimistic forecast for the Indian stock market, projecting the Nifty 50 index to surge to 29,300 by 2026. This translates into a potential upside of 13% from current levels, signalling strong confidence in India’s economic trajectory over the next two years.

Nomura’s bullish stance is underpinned by a confluence of improving domestic and global conditions. A significant factor is the expectation of calmer geopolitical landscapes, which traditionally paves the way for greater economic stability and investor confidence. Domestically, stable macroeconomic indicators are anticipated to provide a robust foundation for sustained growth, supporting corporate performance and market valuations.

The brokerage firm also highlights an impending cyclical recovery in both economic growth and corporate earnings. This expected rebound is a key driver behind their positive outlook. To capitalize on this anticipated upswing, Nomura has strategically identified its top stock picks, positioning them to benefit from the broader economic revival and enhanced corporate profitability. These selections aim to capture value as various sectors experience renewed momentum.

In conclusion, Nomura’s forecast paints a promising picture for Indian equities, with the Nifty potentially reaching new highs. The combination of favourable global cues, stable internal macros, and a projected cyclical upturn in earnings growth suggests a compelling investment environment. Investors would do well to consider the implications of these positive projections as they navigate the market in the coming years.