Nifty 50 outlook, Sept. 2 -- Domestic brokerage firm Axis Securities believes the Indian stock market benchmark, Nifty 50, has the potential to hit 26,800 by March 2026 on reduced volatility and a soft landing in the US market.
The 26,800 Nifty target of Axis Securities factors in the Goldilocks scenario, or a favourable economic condition.
"Backed by expectations of political stability, policy continuity, fiscal prudence, an improving private capex cycle, rural revival, and a soft landing in the US market, Nifty 50 earnings are likely to grow at 17-18 per cent over FY23-27. This would augur well for capital inflows into emerging markets (EMs) and increase the market multiples in the domestic market," the brokerage firm said in a report...
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