Expert view, July 24 -- Baldev Prakash, MD and CEO of SBICAP Securities (SBI Securities), believes Nifty 50 may rise to a new high by the end of 2026, due to a combination of factors, including earnings growth and strong domestic flows. In an interview with Mint, Prakash shares his views on the Indian stock market, sectors he is positive about, and his expectations for the interest rate trajectory this year. Edited excerpts:

At SBI Securities, we have constructive view on Indian equities underpinned by (a) likely double-digit earnings growth for Indian corporates during FY26-FY28E period backed by comfortable valuations, post 21 months of consolidation, (b) discounting of multiple overhangs like trade disruptions led by US import tariffs...