New Delhi, Oct. 2 -- Domestic brokerage house Axis Securities believes indian stock market benchmark Nifty 50 has the potential to reach 25,500 by March 2026 highlighting India's favorable long-term growth story supported by rising capex, consumption, and credit growth from the Union Budget and GST 2.0 reforms. They forecast a 13% CAGR in Nifty earnings over FY23-27, with financials being the largest contributor. However, they cautioned that trade policy uncertainty, rupee depreciation, and delayed earnings revival remain near-term risks.

"The current level of India's VIX is below its long-term average, indicating that the market is currently in a neutral zone (neither panic nor exuberance). While the medium to long-term outlook for the ...