New Delhi, Feb. 26 -- Brokerage firm Prabhudas Lilladher has trimmed its base case target for Nifty 50 to 25,689 against its earlier target of 27,172, anticipating extended volatility in the near term. The brokerage firm's bull case and bear case targets for the index are 27,041 and 24,337, respectively.

The benchmark index has plunged over 14 percent from its all-time high of 26,277.35, reached on September 27 last year. Since October, it has been falling every month due to foreign capital outflow, weak earnings, the rupee's slide to record lows, and geopolitical headwinds, primarily due to US President Donald Trump's tariff policies.

"We cut our base case Nifty target to 25,689 (27,172 earlier) on Nifty EPS cut by 0.8 per cent, 2 per ...