Nifty to touch 29,094 in 12 months: PL Wealth

India’s current macro configuration is among the most constructive we have seen in over a decade. While global uncertainties will continue to create short-term volatility, India’s structural strengths—policy reform, financialisaton of savings and improving corporate balance sheets—position it well for sustained long-term growth - Inderbir Singh Jolly, CEO, PL Wealth Management

New Delhi: India’s benchmark index Nifty is expected to touch 29,094 in one year based on long‑term valuation averages and earnings durability, a report said. Wealth management firm PL Wealth said in the report that India ended 2025 from a position of relative macro strength with record‑low inflation, a dovish monetary stance, resilient domestic demand and improved corporate earnings visibility.

“In the near term, large-cap stocks remain preferred due to their earnings stability and strong balance sheets, while selective exposure to high-quality mid-cap names is being added as visibility improves,” the wealth management firm cited its strategy.

Over the next 6 to 24 months, the earnings cycle is expected to broaden across consumption, financials, capex-linked sectors and select industrials, supported by benign inflation, lower interest rates and sustained domestic liquidity.

“India’s current macro configuration is among the most constructive we have seen in over a decade,” said Inderbir Singh Jolly, CEO, PL Wealth Management.