Expert view: Nifty 50 may scale a new high by the end of 2026, says MD, CEO of SBI Securities
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Baldev Prakash, MD and CEO of SBICAP Securities, projects the Nifty 50 could scale new highs by the end of 2026, backed by expected double-digit corporate earnings growth for FY26-FY28E and 12-13% profit growth aligned with 11-12% nominal GDP growth. He cites discounting of overhangs like US import tariffs and West Asia energy volatility, robust consumption trends visible in auto and discretionary spending, FCNR bank deposits supporting the rupee, and SIP inflows absorbing persistent FII selling as supportive factors. Key outperformers he identifies include auto and auto ancillaries, select banks and NBFCs, defence, precision engineering, capital market-linked businesses, value-added metals, select chemicals, healthcare, cables and wires, consumption themes, and EMS.