Overview
- Bernstein now sees the Nifty at 28,100 by end‑2026, implying roughly 7.6% returns for the year.
- The firm warns of a downside near 24,800 if EPS growth slows to about 8% and valuation multiples compress to 18.5 times.
- India enters 2026 trading above 20 times forward earnings, placing it among the most expensive major markets, Bernstein says.
- BNP Paribas targets 29,500 for the Nifty by year‑end, pointing to an earnings rebound in large private banks and continued strength in telecom, autos, and consumer staples, with a tilt toward large caps.
- Previews for the December‑quarter results point to flat to low single‑digit profit growth for benchmark indices, a backdrop that could sway earnings revisions and investor sentiment.