BofA Bullish on Indian Equities, Projects Nifty at 26,200 by December 2026
· Business · Zee News, Economic Times
Bank of America has turned bullish on Indian equities, projecting the Nifty index to reach 26,200 by December 2026. The brokerage cites strong structural growth drivers and steady domestic capital flows as key supports for the market. However, the report flags weak monsoon conditions as a notable risk, noting a current rainfall deficit of 13 per cent. This deficit approaches the 15 per cent worst-case scenario previously modeled by analysts. The outlook balances macroeconomic resilience against potential agricultural and rural consumption headwinds.
Why it matters
Institutional forecasts guide portfolio allocations for mutual funds and foreign institutional investors, directly influencing capital flows in Indian markets. The flagged monsoon deficit highlights potential vulnerabilities for rural demand and agricultural sectors in the coming quarters.
Read the original report — Zee News
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