India's 2026 Stock Market Outlook: Brokerages Bullish, Top Picks Include ICICI, M&M

• International brokerages like Morgan Stanley, HSBC, BofA, Nomura, and Jefferies are bullish on Indian equities for 2026.
• Morgan Stanley projects Sensex to reach 95,000 (base case) to 1,07,000 (bull case) by December 2026.
• HSBC targets Sensex at 94,000, while BofA and Nomura see Nifty reaching 29,000-29,300 by end-2026.
• Key drivers include policy push, strong earnings growth (10% FY26, 16% FY27), reasonable valuations, and lower inflation.
• Top stock ideas from various brokerages include ICICI Bank, M&M, Maruti Suzuki, Reliance Industries, Infosys, and Bajaj Finance.

Why It Matters: Major brokerages predict a strong bullish phase for Indian equities in 2026 with significant upside.