Nomura Sets 2026 Nifty Target at 29,300, Sees 13% Upside Ahead
Nomura has projected an optimistic price target for the Nifty index, setting it at 29,300 for 2026, indicating a robust upside potential of nearly 13% from the closing level recorded on Tuesday. They foresee a marginal improvement in foreign portfolio inflows during 2026, even though a significant surge is not anticipated.
Key Stocks and Factors Supporting the Target
Among Nomura’s top stock picks are major players such as ICICI Bank, Infosys, Bajaj Finance, Mahindra & Mahindra, and Titan. The firm has underscored a positive outlook on valuations driven by calmer geopolitical conditions, stable macroeconomic factors, and a cyclical recovery in both economic and corporate earnings growth. The Nifty closed at 26,032.20, reflecting a decline of 0.6% or 144 points.
Nomura’s target aligns with forecasts from other reputable brokerages, including Goldman Sachs and HSBC, which predict gains of 12% and 10% for the Nifty and Sensex respectively by 2026. They believe that the Indian equity markets have faced a considerable underperformance relative to global counterparts over the past 14 months, which positions the valuation premium closer to historical averages.
Conclusion
In summary, Nomura’s 2026 Nifty target of 29,300 presents a compelling outlook for investors. While foreign investment may not boom, slight improvements could stabilize the market. With supportive valuations and a recovering economic backdrop, this target signifies a promising opportunity for growth in the Indian market.