New Delhi, May 20 -- Can the Indian stock market benchmark Nifty 50 rise to 42,000 by December 2028 when geopolitical uncertainties and global volatilities are high? The index, which ended at 23,618 on 19 May, must surge by 78% in approximately two and a half years to reach that level.

CNI InfoXchange, a SEBI-registered equity research and advisory firm, is possible only if a confluence of factors acts together.

At first, the domestic market must undergo a "radical structural breakout, transitioning from its current base case growth of 12-14% to an explosive bull case of over 30% annually," said CNI InfoXchange.

Additionally, CNI InfoXchange argues in a report that Nifty's march to this height will require corporate earnings to acceler...