Six brokerages - Morgan Stanley, HSBC, BofA Securities, Nomura, Jefferies and ICICI Direct- have said Indian equities are entering 2026 with improving macro tailwinds after a bruising period of underperformance. They cite easing financial conditions, a recovery in earnings, light foreign positioning and a shift in market leadership, with Sensex targets clustered around the mid-90,000s and Nifty levels near 29,000-30,000. Financials, consumption and industrials dominate their preferences, alongside selective autos, telecom and real estate names. Here are the 75 stock bets by the six brokerages.

Source: Economic Times December 19, 2025 21:12 UTC