New Delhi, May 20 -- Emkay Global has retained its Nifty 50 target of 29,000 for March 2027 as it remains constructive on Indian equities on expectations of improving earnings growth once the US-Iran war eases.

In its latest India Strategy report, Emkay Global highlighted that while near-term volatility may persist due to the prolonged Middle-East conflict and continued pressure on global energy markets, India's domestic macroeconomic resilience, improving earnings trajectory and policy support continue to offer a strong foundation for long-term growth.

The brokerage firm has retained its FY27 Nifty EPS estimate at Rs.1,230, with earnings growth expectations holding at nearly 13%.

The report noted that Indian equities have recently los...