NEW DELHI: India’s benchmark index Nifty 50 is likely to touch 34, 000–35, 000 levels over the next three years due to earnings growth, stronger consumption and banking credit expansion, a report claimed on Monday.
From these factors and continued investment in infrastructure and manufacturing, Nifty earnings per share may rise to Rs 1, 281 in FY27, Rs 1, 463 in FY28 and Rs 1, 650–1, 700 by FY29, the report from investment platform smallcase said.
Mid-caps led market returns, outperforming large caps during the past four years when global markets experienced shocks from multiple geopolitical conflicts, the report said.
Indian markets delivered about 12.7 per cent CAGR demonstrated notable resilience, with most geopolitical shocks triggering short-term corrections of around 2–8 per cent, followed by swift recoveries within weeks, during times of conflict in last 4 years.