Nomura Raises Nifty 50 Target to 26,140

  Published 1 year ago

Nomura has increased its Nifty 50 target to 26,140 by March 2026, citing strong Indian macros despite global risks. They favor domestic-focused sectors like consumption and financials, expecting rate cuts and sustained local flows.

  • Nifty 50 target raised to 26,140 (+5.6% upside).
  • Prefers consumption & financials over exporters.
  • India’s Q1 GDP grew strongly at 7.4%.

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