Kotak Securities Projects Nifty Surge by 2026

Kotak Securities forecasts a 12% increase in Nifty by 2026, driven by India's solid earnings growth and supportive macroeconomic environment. Managing Director Shripal Shah predicts a positive turnaround for foreign investors and highlights potential gains in large-cap stocks, banking, IT, and precious metals like gold and silver.

Kotak Securities anticipates a 12% surge in the Nifty index by 2026, bolstered by robust earnings growth from Indian companies, Managing Director Shripal Shah announced.

The base case projection sees the Nifty reaching 29,120 points by end-2026, driven by a 17% increase in earnings growth next year. The company remains optimistic about India's enduring market potential despite global challenges.

Additionally, Kotak Securities expects growth in banking, IT, and hospitality sectors and foresees significant rallies in gold and silver prices. The rupee is also projected to gain value against the dollar.

(With inputs from agencies.)