New Delhi, Nov. 3 -- The Nifty 50 could touch 26,800 by March 2026 in a Goldilocks scenario of an overall reduction in volatility and a soft landing in the US market, according to brokerage firm Axis Securities.

Axis believes Nifty's earnings may grow at 17-18 per cent over FY23-27 amid the expectations of political stability, policy continuity, fiscal prudence, an improving private capital expenditure cycle, rural revival, and a soft landing in the US market.

All this would augur well for capital inflows into emerging markets (EMs) and increase the domestic market multiples, Axis said.

The brokerage firm remains confident in India's long-term growth story, due to the country's favourable economic structure, rising capital expenditure,...