Nomura Forecasts Nifty 50 to Reach 29,300 by 2026, Sees Strong Domestic Flows and Policy Backdrop Supporting Market.

Nomura predicts the Nifty 50 will reach 29,300 by end-2026, a 12% climb from current levels. The brokerage attributes this to "calmer geopolitics, stable macros, and a cyclical recovery in economic and corporate earnings growth". Nomura also expects corporate earnings to rebound to low double digits in FY26, led by commodity-heavy sectors. The brokerage advises investors to be selective and avoid "narrative-driven richly valued stocks".