Axis Direct expects the Nifty to climb to 28,615 by December in its bull-case scenario, driven by a revival in private capex, resilient domestic demand and improving earnings. The brokerage remains overweight on BFSI, healthcare and capital goods, while cautioning that global risks and elevated valuations could trigger near-term volatility.
Axis Direct expects the Nifty to climb to 28,615 by December in its bull-case scenario, driven by a revival in private capex, resilient domestic demand and improving earnings. The brokerage remains overweight on BFSI, healthcare and capital goods, while cautioning that global risks and elevated valuations could trigger near-term volatility.
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Domestic brokerage firm Axis Direct expects Nifty to reach 28,615 by December this year in a bull case scenario, based on a 20.5x valuation. A revival in domestic private capex, backed by policy continuity, improving business confidence, political stability, fiscal discipline and a rural recovery, is expected to drive growth. Markets are also closely watching the global outlook under U.S. President Donald Trump, with tariff-related uncertainties expected to ease in 2026.With Nifty earnings expe…
