Expert view, Aug. 27 -- Seshadri Sen, Head of Research and Strategist, Emkay Global Financial Services, is bullish on the Indian stock market. He expects Nifty to hit 29,000 by March 2027, supported by healthy consumption demand, capex cycle, and reasonable valuations. In an interview with Mint, Sen said he is overweight on autos, discretionary consumption, capital goods, internet, and real estate.

We remain bullish on Indian equities. The strong Q1 earnings season was a major positive, with BSE500 top-line growth maintained in double-digits and margins holding up despite the supply chain disruption and raw material price pressures from the Iran conflict.

Materials, telecom, and financials sectors were major contributors to the strong r...