New Delhi, Feb. 9 -- The Indian stock market looks poised for a healthy upside in the medium to long term due to healthy growth-inflation dynamics, improving earnings, and easing global uncertainties.

According to the Reserve Bank of India (RBI), retail inflation could rise slightly, but the central bank believes it may remain well within its tolerance band of 2-6%.

On the other hand, the RBI has revised its growth outlook for FY26 to 7.4% from the earlier projection of 7.3%. RBI projected real GDP growth for Q1FY27 and Q2 to 6.9% (from 6.7% earlier) and 7% (from 6.8% earlier), respectively.

Pankaj Pandey, the head of research at ICICI Securities, expects the Nifty 50 to be near 29,500 by the end of the calendar year 2026.

Pandey said...