Alpha Capital's Founder Predicts Nifty 50 to Retest 26,000 Amid Market Recovery
Expect Nifty 50 to retest 26,000 in the near term, says Alpha Capital's founder
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Akhil Bhardwaj, founder of Alpha Capital, anticipates the Nifty 50 index will retest 26,000 in the near term, citing easing global tensions and steady domestic flows as key supportive factors. Despite risks from high crude oil prices, he believes the worst is behind the Indian stock market.
- 01Nifty 50 expected to retest 26,000 due to easing global tensions.
- 02Domestic institutional support has been strong with inflows of ₹1.7 lakh crore.
- 03Earnings growth for FY27 projected at 12-14% as consumption revives.
- 04Crude oil prices above $100 per barrel pose risks to GDP growth.
- 05IT sector presents selective value opportunities post-correction.
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Akhil Bhardwaj, Senior Partner and Founder at Alpha Capital, expresses optimism about the Indian stock market, predicting that the Nifty 50 index will retest 26,000 soon. He notes that easing global tensions and robust domestic institutional inflows, which reached ₹1.7 lakh crore in FY26, are key factors supporting this outlook. Despite challenges such as high crude oil prices, which have exceeded $100 per barrel, Bhardwaj believes the worst is behind the market. He highlights that corporate earnings growth for FY27 is expected to rebound to 12-14%, aided by a revival in consumption and government spending initiatives. The IT sector, after a nearly 25% correction, is seen as a selective value opportunity, particularly for large-cap companies with strong capabilities in artificial intelligence and digital transformation. Overall, Bhardwaj remains constructive on Indian equities, emphasizing a balanced asset allocation approach for investors.
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The anticipated recovery in the Nifty 50 could lead to improved investor sentiment and potentially higher returns for equity investors, benefiting those with investments in Indian stocks.
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