Elara Capital Projects Nifty to Reach 30,000 by March 2027 on Earnings Recovery

Elara Capital projects the Nifty index to reach 30,000 by March 2027, indicating a nearly 17% increase from current levels. This growth is expected to be driven mainly by a recovery in corporate earnings, with earnings per share forecasted to rise steadily through FY27 and FY28. The brokerage highlights a broadening earnings recovery across sectors, favoring consumption-related industries such as discretionary spending, auto, jewelry, and financials, supported by favorable macroeconomic conditions and policy measures.