Nifty at 28,700 by FY27? Capex, Q2 earnings other factors that may keep bulls in charge

Indian benchmark indices are experiencing profit booking at higher levels, after hitting 52-week highs in the recent rally, adding to the wait of investors for new life-time highs. Traders are expecting when Sensex will claim 86,000 mark, while Nifty to hit 26,300 but Sensex is failing to sustain above 85,000 and 26,000 has become major hurdles for the Indian benchmark indices. Advertisement

However, market participants are expecting Indian equity markets to continue their rally in a longer-term considering supportive Q2 earnings by India Inc, the US trade deal developments with India and China, robust growth prospects of the Indian economy, lower crude oil prices. Such factors may trigger revival of FIIs inflows to India.

After 12–15 months of underperformance following the post-Covid