New Delhi, Feb. 27 -- PL Capital sees a constructive outlook for Indian stock markets, projecting the Nifty target at 27,958 in the next 1 year, driven by improving earnings visibility, easing global headwinds and domestic growth resilience.

According to the brokerage, a combination of trade breakthroughs, a steady macro environment and a strong earnings cycle is setting the stage for further upside in the benchmark index.

"Trade breakthroughs and a sustained earnings recovery underpin our constructive outlook on Indian equities. With earnings expected to compound at a healthy pace, valuation comfort and sectoral breadth improve, supporting our base-case Nifty target of 27,958 over the medium term," PL Capital said in a recent report. ...