Kotak Securities Sees Nifty at 29,000 by 2026 Amid Earnings Surge

• Kotak Securities forecasts a 12% Nifty jump by end-2026, with a base case of 29,120 points by end-2025.
• The projected Nifty growth is driven by an expected 17% acceleration in corporate earnings next year.
• The brokerage anticipates foreign portfolio investors (FPIs) to become positive on India after a challenging 2025.
• Kotak Securities is positive on banking, financial services, insurance, IT, healthcare, and hospitality sectors.
• Gold is expected to reach Rs 1.5 lakh/10g, silver Rs 2.1 lakh/kg, and the Rupee to appreciate to Rs 87-88/dollar by end-2026.

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