New Delhi, Dec. 10 -- Amnish Aggarwal, Director- Research, Institutional Equities at PL Capital, is constructive on the Indian stock market for the calendar year 2026. He has a 12-month Nifty target of 29,000. According to him, key themes for 2026 include consumption, BFSI-particularly banks and NBFCs, autos and auto ancillaries, defence, and selective opportunities in healthcare. In an interview with Mint, Aggarwal shared his views on market outlook, potential impact of an India-US trade deal, and the market's key expectations from Budget 2026. Here are edited excerpts of the interview:

Our 12-month Nifty target is 29,000. In the near term, key triggers will include strong agricultural output, moderating inflation, and a likely revival ...