New Delhi, Aug. 19 -- The Indian stock markets could see a major boost over the coming year as the government's move to rationalize Goods and Services Tax (GST) is expected to lift growth and sentiment.

According to a report by Emkay Research, the Nifty 50 index could touch 28,000 by September 2026, with the brokerage firm upgrading its market outlook.

The report described India's GST rationalisation as a "growth-accretive, big-ticket reform" and said it is a major market mover.

It stated, "We see this as a major market mover and upgrade our Nifty target to 28,000 for Sep-26".

The report also highlighted the second-order benefits of the move. Rationalisation of GST is expected to accelerate the formalisation of the Indian economy and ...