topstockalerts
Nov 11, 3:05 AM
India’s Nifty 50 could gain another 4.7% by the end of 2026, reaching 26,200 points, according to Bank of America, which sees improving corporate earnings and reduced macroeconomic uncertainty supporting the market. The target implies upside from the index’s current level of approximately 25,044 points.
BofA said several previous concerns, including higher commodity prices, currency weakness, potential interest-rate increases by the Federal Reserve and the Reserve Bank of India, and heavy fundraising activity, are now better understood and largely reflected in valuations.
Corporate earnings are recovering, with Nifty companies expected to deliver 18% earnings growth in fiscal Q2 2027, compared with just 5% in fiscal Q4 2026. The index trades at 18.3 times forward earnings, below its historical average of 18.8 times, leaving room for further valuation expansion.
$BAC
