New Delhi, Oct. 11 -- The Nifty 50 could rally 20% to 27,000 by September 2027, according to Emkay Global Financial Services, which remains constructive on Indian equities despite a prolonged market correction, elevated crude oil prices and global uncertainties.

The domestic benchmark indices rose on Friday, 9 October, snapping their longest weekly losing streak in 25 years, although gains remained modest amid concerns over tighter monetary policy and rising crude oil prices. The Nifty 50 climbed 1.3% to 22,520.45, while the BSE Sensex advanced 1.23% to 72,472.33, led by IT stocks after Tata Consultancy Services' quarterly earnings highlighted growing AI-related revenue contributions and robust international business growth.

Despite Fri...