Geojit Investments Limited projects India's Nifty index to reach 29,150 by December 2026, forecasting a 12% annual return. The report cites benign inflation, improving demand, and fiscal/monetary support as drivers for domestic earnings. Key challenges identified include high valuations, potential foreign institutional investor outflows, and elevated US inflation and interest rates. The firm anticipates moderating global risks and potential FII inflow reversal dependent on global rate easing and reduced trade concerns.