Nifty-50 could hit 29,120 by end of 2026, says Kotak Securities

Business Dec 10, 2025

Kotak Securities thinks the Nifty 50 index might reach 29,120 by December 2026, mainly thanks to solid earnings growth.
They're also keeping it real with backup scenarios: if things go really well, the target's 32,032; if not so great, it's 26,208.

What's driving this optimism?

Big profit jumps are expected—8.2% in FY26 and even higher in the following years.
The report points out that how Indian investors feel will matter a lot, especially since foreign investors have been pulling money out lately.
Still, strong economic signs—like low inflation and an impressive 8.2% GDP growth—are keeping the outlook positive.
Sectors like cement and telecom are shining right now, while autos are feeling some pressure on profits.