Nifty can hit 29,000 next year on earnings growth, attractive valuations: Compounding Asset CIO
CNBC-TV18 1 hr ago·6 Nov 2026, 9:56 am
Compounding Asset Partners’ chief investment officer Niket Shah projects that the Nifty index could climb to roughly 29,000‑29,050 over the coming year, citing a combination of solid corporate earnings growth and valuations that remain appealing relative to historical levels.
For investors, a move toward that level would lift the broader market and could translate into higher returns for portfolios that track the index. Analysts also point to specific themes that may benefit, such as large‑cap banks, mid‑cap information‑technology firms, electric‑vehicle players and select manufacturers, which are expected to ride the earnings tailwinds.
Going forward, market participants should keep an eye on the upcoming earnings season, any changes in monetary‑policy stance, and global risk sentiment, as these factors will influence whether the index can sustain the projected trajectory.
Excerpt from CNBC-TV18
Published On Nov 6, 2026 | 15:26 IST Last Updated On Nov 6, 2026 | 15:26 IST The Nifty could rise towards 29,050 over the next year, supported by strong corporate earnings and attractive valuations, says Niket Shah of Compounding Asset Partners. Along with Anirudh Naha of PGIM India, he sees opportunities in large-cap…Read the original at CNBC-TV18
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. 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.
