Nomura raises Nifty target to 24,970 by Mar 2026 as index climbs to 24,000

Quick Summary:

The brokerage expects the Nifty to trade at 19.5 times its estimated earnings of Rs 1,280 for FY27, compared with an earlier multiple of 18.

A stable risk environment could revive foreign portfolio investor inflows after six months of sustained selling, the brokerage believes.

Nomura has revised its Nifty target to 24,970 for March 2026, up from its earlier target of 23,784 for December 2025.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: Nifty target Export-driven sectors Consumption sector Nifty forecast March 2026 FPI inflows Equity risk premium Tariff impact Financials India US trade deal Supply chain shift Nifty valuation Stock market forecast Trade tensions Nomura Indian equities

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Article Type: News Report

Published On: 2025-04-21 @ 10:19:51 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 28086085

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