Indian stocks have seen a sharp fall. Nomura predicts the Nifty will climb almost 11% to reach 25,900 by March 2027. This optimism stems from hopes of a West Asia conflict resolution and a strong AI theme. Despite recent selling by foreign investors, Indian equities have shown resilience. Nomura favors exporters, financials, and IT services, while remaining cautious on consumption.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets