Elara Capital Projects Nifty to Hit 30,000 by FY27 on Strong Earnings Outlook

• Elara Capital forecasts Nifty to reach 30,000 by March 2027, indicating a 17% upside from current levels.
• Market performance is expected to be driven by corporate earnings recovery, not valuation expansion.
• Nifty earnings are projected to compound at 14-15% through FY27 and FY28 after a weak FY26 start.
• Recovery will be supported by favorable macro and policy triggers, including double-digit nominal GDP growth and benign interest rates.
• The number of sectors with double-digit profit growth is expected to rise from four in FY26 to seven in FY27, indicating a broader recovery.

Why It Matters: Elara Capital predicts Nifty will reach 30,000 by FY27, driven by robust corporate earnings growth.