Kotak expects Nifty to rise 13% by 2026

KOTAK SECURITIES IS seeing a 13% upside from the current level for the Nifty 50 and expects it to hit 29,120 level by December 2026 in its base case scenario.

- FE BUREAU

The brokerage also sees various tailwinds for gold and silver even after a stellar rally in 2025.“We hold a favourable view of the Indian market compared to our earlier stance, as the earnings outlook has strengthened amid resolute government action. Moreover, some of our earlier concerns—particularly around high valuations and the risk of earnings downgrades—have already played out to a meaningful extent over the last 12-15 months, reducing downside risks and improving the overall market setup,” it said in a report.