Nifty target: 27,000 in 1-year - Why Emkay stock market experts are bullish despite poor performance
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Emkay Global Financial Services expects the Nifty 50 to reach 27,000 by September 2027.
- ✓Despite a recent eight-week fall, experts remain bullish on Indian equities.
- ✓They believe resilient corporate earnings and reasonable valuations will support the market.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
The Nifty 50 could rally 20% to 27,000 by September 2027, according to Emkay Global Financial Services, which remains constructive on Indian equities despite a prolonged market correction, elevated crude oil prices and global uncertainties.
The domestic benchmark indices rose on Friday, 9 October, snapping their longest weekly losing streak in 25 years, although gains remained modest amid concerns over tighter monetary policy and rising crude oil prices. The Nifty 50 climbed 1.3% to 22,520.45, while the BSE Sensex advanced 1.23% to 72,472.33, led by IT stocks after Tata Consultancy Services' quarterly earnings highlighted growing AI-related revenue contributions and robust international business growth.
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