Analysts Bullish on Indian Equities for 2026: Key Catalysts & Top Picks Revealed

• Market strategists remain constructive on Indian equities for 2026, citing improving earnings, supportive flows, and sector-specific opportunities.
• Citi's Surendra Goyal expects improved earnings growth, especially in financials, with a Nifty target of 28,500 by Dec 2026, implying 10% upside.
• Jefferies' Mahesh Nandurkar highlights EPS growth as the main driver, with his model portfolio projecting 21% EPS growth in FY27 and a lower PEG ratio.
• Jefferies' top picks include Axis Bank, Bharti Airtel, TVS Motor Company, Mahindra And Mahindra, Ambuja Cements, and GMR Airports.
• Morgan Stanley's Ridham Desai anticipates an action-packed quarter, earnings beats, and continued reforms, favoring lenders and discretionary consumption.

Why It Matters: Analysts are optimistic about Indian equities in 2026, driven by strong earnings and reforms.