Key facts
- Nomura forecasts the Nifty 50 index to reach 25,900 by March 2027.
- This represents an expected increase of nearly 11% from current levels.
- Key catalysts cited include a potential resolution to the West Asia conflict.
- Strong demand from the AI theme is also a significant driver.
- Nomura favors Indian exporters, financial services, and IT services stocks.
- The firm remains cautious on consumption-related stocks.
Indian equities have experienced recent selling pressure from foreign investors, yet have demonstrated resilience. Nomura's optimistic outlook for the Nifty 50 index suggests a belief in the market's ability to overcome current headwinds, driven by geopolitical stabilization and the transformative potential of artificial intelligence. The firm's sector preferences highlight areas expected to benefit from global demand and technological advancements.