Bajaj Broking says India's Nifty to go bonkers

Indian stock markets have resumed their upward movement following a two-month decline period. Bajaj Broking analysts predict the benchmark Nifty index will reach 27,000 points by March 2026. The brokerage firm observed that Nifty achieved a higher monthly peak for the first time in three months. Market participants demonstrate strong resilience despite global tensions and trade policy uncertainties.

The report recommends a strategy of purchasing during market declines. Technical analysis shows solid support exists between 24,400 and 24,300 points. Banking, automotive, metals, and consumer sectors appear positioned for outperformance. Investors should consider public sector enterprises, telecommunications, and capital goods stocks for potential opportunities.

Foreign institutional investors have withdrawn 180,443 crore rupees from Indian markets this year. Analysts anticipate corporate earnings will grow above 15 percent during fiscal year 2027. This earnings expansion could reverse foreign investor sentiment toward Indian equities.
 

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