New Delhi, April 14 -- The Indian stock market is poised for a strong rally, with small-caps and mid-cap stocks expected to see reversal of underperformance compared to large-caps, suggesting a broad-based market strength, according to Emkay Global Financial Services.

The brokerage firm has reaffirmed its bullish outlook on Indian equities, maintaining a Nifty 50 target of 26,000 for March 2026, citing a combination of improving global cues, accommodative domestic policies, and bottoming-out earnings estimates as key factors supporting its positive stance.

One of the pivotal global developments boosting sentiment is the recent 90-day pause on US tariffs. Emkay believes this move significantly reduces the risk of a deep recession in the ...