2026 Stock Market: 'Nazar aur Sabr' - The Mantra for Investor Success After 2025

• Indian equities face an "interesting inflection point" in 2026 after muted returns in 2025, requiring investor patience and vigilance.
• Analysts recommend "Nazar aur Sabr" (eyes open and patience), echoing a dialogue from the movie Dhurandhar, as the core investment strategy.
• Despite lagging performance, 2025 strengthened market structure with robust domestic flows, wider participation, and improved valuation comfort.
• Morgan Stanley projects Sensex at 95,000-1,07,000 by Dec 2026; Nomura targets Nifty 29,300, citing normalized valuations.
• 2026 returns will likely be driven by earnings and productivity, rewarding discipline and stock picking over momentum chasing.

Why It Matters: 2026 demands 'Nazar aur Sabr' from investors, with disciplined stock picking crucial for normalized returns.