Nomura Sets Nifty 29,300 Target by 2026-End, Unveils 20 Top Stock Picks

• Brokerage firm Nomura projects Nifty to reach 29,300 by the end of 2026, indicating a 12% potential upside from current levels.
• Four key factors drive Nomura's optimism: a calmer global environment, cyclical economic recovery, favorable policy support, and moderated valuations.
• Nomura expects policies to boost domestic growth, focusing on self-reliance and addressing structural issues.
• Domestic flows have been strong, but FII interest could rise if global rallies cool, as valuation premiums align with long-term averages.
• Key downside risks include geopolitical instability, global slowdown, rising risk premium, and commodity price flare-ups. Nomura also listed 20 top stock picks including ICICI Bank, Infosys, and Bajaj Finance.

Why It Matters: Nomura forecasts Nifty at 29,300 by 2026-end, driven by positive factors, and shares 20 top stock picks.