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Nomura sees Nifty at 29,300 by 2026

Financial Express Bengaluru

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December 03, 2025

NOMURA EXPECTS BENCHMARK Nifty 50 to climb to 29,300 by end-2026, about 12% above current levels, as cyclical economic momentum and earnings growth regain traction under supportive policies, its analyst Saion Mukherjee said.

- REUTERS

Mukherjee said in a note on Tuesday that the brokerage dropped its valuation concerns in May 2025 after markets steadied from the tariff-driven selloff triggered by the US hike in import duties. Calmer geopolitics, a firmer ma

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