New Delhi, July 3 -- Axis Securities has released its latest market outlook and top stock recommendations for July 2025. The brokerage highlighted improving macroeconomic indicators, supportive policy measures, and reduced global volatility as key drivers of India's equity market. With expectations of a stronger FY26, Axis Securities continues to prefer quality stocks in high-growth sectors.

Axis Securities maintained its March 2026 Nifty target at 26,300, valuing the index at 20x FY27E earnings. In a bull case, the index could reach 27,600, assuming a soft landing in the US, stable policy, and strong domestic growth. Conversely, a bear case target of 22,300 is pegged on assumptions of prolonged global headwinds, high inflation, and slow...