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NIFTY50 AT 26000: The ongoing decline in the Indian stock market for the next six months is not taking the name of stopping. Investors were found to be invested. In such a situation, good news has come for the stock market investors. The Global Brokerage Firm City (CITI) said that the Nifty 50 index can touch the level of 26,000 by December this year, which is 15 per cent above the current levels.
The brokerage firm has upgraded its outlook on India to ‘overweight’ from ‘Neutral’. The reason for this is the attractive valuation of the Indian stock market and improvement in consumption. City has counted several reasons for the rise in the Indian stock market. Brokerage House says that in the financial year 2025-26, the reduction in income tax in the general budget will boost consumption in the country. At the same time, capital expenditure is improving. The data shows that the government is spending continuously on infrastructure to increase the growth rate.
The brokerage house further said in the report that the repo rate has been cut by the Reserve Bank of India at the beginning of this month and we hope that in the coming time and 50 basis points can be cut. The brokerage house says that India’s economy is operated by domestic factors that enables it to face global uncertainties including concerns over American tariff policies. This upgrade came at a time when the Indian stock market is getting continuously selling.
In the last five trading session, the Sensex has declined by 1,542 points or 2 percent and the Nifty by 406 points or 1.76 percent. US President Donald Trump’s recent new mutual tariff announcement has shook the global markets which has increased the possibility of trade tension. However, City said that Indian companies have limited risk in trade with the US and China, which reduces the risk from these policy changes.
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