Nifty to rebound 5%, says Emkay Global; 5 stocks to lead market recovery

Emkay Global expects the Nifty-50 to rebound around 5% from current levels, citing easing geopolitical tensions and a high probability of de-escalation. The brokerage sees a strong positive for India and retains its December 2026 Nifty target of 29,000. Key triggers for the recovery include easing crude price pressures and a moderation in valuation premiums. Emkay prefers names that have seen the sharpest corrections, including OMCs, L&T, HDFC Bank, Bajaj Finance, and SHFL.