Global investment bank JP Morgan has raised its target for India’s benchmark Nifty50 to 30,000 by the end of 2026, reflecting optimism about the country’s stock market. The bank expects corporate earnings to grow around 13–14% in 2026–27, supporting higher market valuations.
JP Morgan cites favourable fiscal and monetary policies, strong domestic investment flows, and improving economic fundamentals as key factors for the bullish outlook. Indian equities, while trading at a premium compared with other emerging markets, are now seen as more attractive as the valuation gap narrows.
The bank also notes that sectors such as financials, consumer goods, real estate, power, defence, and materials are likely to benefit most. Potential catalysts include supportive government policies, anticipated rate cuts, and stronger US–India trade ties, all of which could further boost corporate profits and investor sentiment.
With Nifty50 currently around 26,200, the projected rise to 30,000 implies a potential 15–20% gain over the next few years, though investors should expect normal market volatility along the way.
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