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JPMorgan Predicts Nifty to Hit 27,000 by Year-End, Urges Caution Until November
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CNBC TV18•21-09-2026, 10:52
JPMorgan Predicts Nifty to Hit 27,000 by Year-End, Urges Caution Until November
- •JPMorgan's Rajiv Batra forecasts the Nifty reaching 27,000 between early November and January, driven by an anticipated year-end upsurge.
- •Investors are advised to remain cautious until late October/early November due to potential rate hikes by developed markets, rising Japanese bond yields, and pre-US election trading slowdowns.
- •The likelihood of the Nifty falling to JPMorgan's bear case of 20,500 has decreased, with bond markets already pricing in significant US Fed and BoJ rate hikes.
- •Batra highlights growth opportunities in midcap and smallcap companies, noting their outperformance and increased foreign ownership compared to large caps.
- •JPMorgan favors real asset sectors like technology hardware, materials, industrials, hospitals, and financials, expecting money to return to private banks after the Fed's rate hike.
Key Questions Answered
JPMorgan expects the Nifty to move toward its base-case target of around 27,000 between early or mid-November and the end of January.
Investors are expected to remain cautious due to potential further rate hikes by developed-market central banks, rising Japanese bond yields, and seasonal trading volume slowdowns ahead of US midterm elections.
JPMorgan favors real asset sectors including technology hardware, materials, industrials, hospitals, and financials, with specific focus areas like grid capital spending, private banks, and transformers.
