Macquarie bullish: Nifty to hit 30,000 by 2026 on earnings recovery

• Macquarie Capital projects Nifty to reach 30,000 by 2026, shifting from a cautious stance to bullish on Indian equities.
• The bullish outlook is driven by expectations of a meaningful rebound in corporate earnings, with mid-teens EPS growth projected for FY27-28.
• Strong domestic liquidity and potential renewed foreign institutional investor flows are expected to support market expansion despite elevated valuations.
• Macquarie maintains a selective sector view, overweighting financials, preferring private banks (HDFC Bank, ICICI Bank), and seeing opportunities in NBFCs and insurance.
• Electronics manufacturing services, with Dixon Tech mentioned, is another area of interest for growth and returns.

Why It Matters: Macquarie's Nifty 30,000 forecast signals potential for investor gains.