New Delhi, Feb. 27 -- Brokerage house InCred Equities has revised its target for the Nifty50 index, citing short-term macroeconomic challenges both locally and globally.

The brokerage has reduced its FY26F bull-case probability to 5 per cent from 10 per cent and raised the bear-case probability to 45 per cent from 40 per cent.

Factoring in Bloomberg consensus EPS cuts for Nifty50, InCred has marginally lowered its blended Nifty50 target to 22,850 by March 2026F, implying a 2 per cent upside from current levels. In a bear-case scenario, the firm maintains an 8 per cent downside projection.

Given market conditions, InCred continues to favour large-cap stocks and has introduced Adani Ports and Special Economic Zone, Bajaj Auto, Marico, an...