Nomura sees Nifty crossing 24,000 as earnings deliver and FII selling eases
Moneycontrol.com 3 hrs ago·3 Nov 2026, 6:43 am
Nomura has revised its target for the Nifty 50 index upward, projecting the benchmark could cross the 24,000 mark. This optimistic outlook is primarily driven by expectations that corporate earnings will improve in the coming months. Additionally, the brokerage believes that foreign institutional investor (FII) selling, which has been a source of pressure recently, will begin to ease, providing further support to the market.
For investors, this news signals a potential shift in market sentiment. It suggests that the current pullback in prices may be temporary and that the broader market has the strength to recover and reach new highs. However, it is important to remember that market movements are influenced by many factors, and this is just one analyst's view. Investors should continue to monitor corporate results and global economic trends.
Excerpt from Moneycontrol.com
From a longer-term perspective, Nomura believes market concerns around geopolitical and technological uncertainty persist, weighing on long-term growth expectations. Nomura expects foreign inflows into Indian equities to improve. Q2 FY27 earnings showed strong profit growth for Indian firms. Nifty could surpass its…Read the original at Moneycontrol.com
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.
