Nifty can rally to 28,615 by this December in Axis’ bull case scenario. Here’s why
Domestic brokerage firm Axis Direct expects Nifty to reach 28,615 by December this year in a bull case scenario, based on a 20.5x valuation. A revival in domestic private capex, backed by policy continuity, improving business confidence, political stability, fiscal discipline and a rural recovery, is expected to drive growth. Markets are also closely watching the global outlook under U.S. President Donald Trump, with tariff-related uncertainties expected to ease in 2026.With Nifty earnings expected to sustain a 13%+ CAGR over FY23–28, this backdrop could attract fresh capital inflows into Indi