Mumbai, May 19 -- India markets are poised for long-term growth despite geopolitical risks, according to a report by Indian financial services company, Emkay Global. The report released on Tuesday retained a constructive outlook on Indian equities despite heightened geopolitical tensions and elevated crude oil prices, projecting the Nifty to reach 29,000 by March 2027.

In its India Strategy report, the brokerage said Indian markets remain supported by resilient domestic fundamentals even as global uncertainty linked to the prolonged Middle-East conflict continues to weigh on investor sentiment.

"While global geopolitical developments and elevated crude prices may continue to create intermittent volatility, India's structural growth driv...