Nifty 32,000, Sensex 1,07,000: Brokerages Eye Massive 2026 Gains

• Brokerages project Nifty to hit 32,000 and Sensex 1,07,000 by 2026-end in their bull case scenarios.
• Morgan Stanley forecasts Sensex reaching 1,07,000, driven by macro tailwinds, policy easing, and a renewed earnings cycle.
• Nomura, Goldman Sachs, Kotak Securities, Axis Securities, Emkay Global, and HSBC also forecast significant upside for Indian indices.
• After a muted 2025, India's market is poised for recovery due to normalized valuations and strong domestic fund flows.
• Key drivers include resilient macro indicators, cyclical earnings recovery, and potential India-US trade agreements.

Why It Matters: Major brokerages predict substantial growth for Nifty and Sensex by 2026-end, signaling a strong market rebound.