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Nomura projects India's Nifty rising to 29,300 by 2026 as growth recovers

Nomura forecasts India's Nifty 50 to reach 29,300 by end-2026, anticipating a 12% rise driven by economic momentum and earnings growth under supportive policies. The brokerage sees normalized valuations and constructive medium-term outlook due to policy support and strong domestic inflows, while cautioning against narrative-driven stocks.

2 Dec 2025 11:10 am