The Indian stock market has seen a sharp downturn recently, as the raging US-Iran war, persisting FII outflows, and other factors have pushed the Nifty down over 10% this year so far. After the sharp correction, Nomura sees Nifty rising nearly 11% from current levels to hit 25,900 by March 2027.
The international brokerage in its latest ‘India Equity Strategy’ report said that it has raised its Nifty target from its earlier 24,900 estimate for December 2026. It highlighted that despite the downturn since the onset of the US-Iran war, Dalal Street has performed better than it had fallen during the beginning of the Russia-Ukraine war in 2022.
