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Nifty 50 Targeted for 10 to 15 Percent Upside as Crude and Yields Cool
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CNBC TV18•09-10-2026, 11:18
Nifty 50 Targeted for 10 to 15 Percent Upside as Crude and Yields Cool
- •Indian equities are projected to surge 10% to 15% in the coming months due to cooling global yields and crude oil prices, according to CLSA's Vikash Kumar Jain.
- •Geopolitical supply concerns are easing as the US adopts a patient strategy, which is expected to normalize oil supplies and ease inflation nervousness.
- •India's domestic market setup remains favorable, trading slightly below fair valuations with deeply depressed local sentiment acting as a recipe for upside.
- •CLSA's model portfolio is currently overweight on private banks, select discretionary retail, commodities, autos, and real estate.
- •Indian private banks are noted as nearly the cheapest in the world on a growth-adjusted basis, presenting compelling long-term value.
Key Questions Answered
According to Vikash Kumar Jain of CLSA, Indian equities and the Nifty 50 are poised for a 10% to 15% upside over the coming months as crude oil prices and global yields cool down.
CLSA's model portfolio is currently overweight on private banks, select discretionary retail, commodities, autos, and real estate.
The weight of the IT services sector in India's benchmark has dropped from a peak of 20% down to 6% or 7% over a span of three to four years, which has absorbed much of the vulnerability to artificial intelligence-related shocks.
