Positive impactEconomy
Nifty 30,000 target still on track; why Elara’s Harendra Kumar prefers IT, power and smallcaps
The Economic Times 1 hr ago·7 Sept 2026, 3:32 am
A major Indian index is on track to hit a historic milestone, with a leading strategist reaffirming his bullish outlook for the broader market. Elara Capital’s Harendra Kumar believes the rally is far from over, pointing to strong underlying momentum in key sectors. He remains confident that the Nifty 50 will successfully breach the 30,000 mark, driven by a favorable macroeconomic backdrop.
For investors, this signals that the current bull run has significant room to grow. Kumar specifically highlights Information Technology, Power, and Small-cap stocks as areas of opportunity, suggesting they offer the best potential for capital appreciation. This indicates a shift in focus toward high-growth segments, which could drive volatility and create fresh opportunities for those with a long-term horizon.
Moving forward, market participants should monitor global cues and domestic earnings to gauge the sustainability of this rally. While the technical path remains clear, investors need to be selective in their stock picks to navigate the expected volatility. Keeping an eye on sector rotation will be crucial for identifying the next set of winners in this evolving market cycle.
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
