Monarch Networth Capital projects that India’s Nifty index could rise to the 27,000–28,000 range by 2026, with its view supported by an earnings recovery and expectations of improving macro conditions. The brokerage links its outlook to projected growth in corporate capex and the possibility of lower interest rates, which it says could support equity valuations.
In its estimates, Monarch forecasts Nifty earnings per share (EPS) at 1,251 for FY27 and 1,443 for FY28, reflecting its earnings growth assumptions. Sector-wise, it takes a constructive stance on banks and telecom, and also highlights opportunities in IT.
The brokerage also points to selected stocks across larger and mid/small-cap segments. Among names cited are SBI and telecom-related company HFCL, along with Hindustan Copper. Across the outlets, the key common theme is that the bullish call is anchored in expected earnings improvement and supportive economic factors rather than a change in index strategy.
