New Delhi, June 2 -- The medium-to-long-term outlook for the Indian economy and corporate earnings remains constructive, supported by domestic demand resilience, improving earnings visibility, and structural reforms, while the near term may witness increased volatility driven by commodity price movements, global risk aversion, and foreign fund flows, according to Axis Securities.

Hence, the brokerage firm recommends investors maintain good liquidity (10-15%) to use any dips in a phased manner and build a position in high-quality companies, where the earnings visibility is quite high, with an investment horizon of 12-18 months.

In its bull case, Axis Securities values Nifty 50 at 20.5x, implying a December 2026 target of 28,615. With Nif...