Nomura anticipates that Indian equities will trade at 20–22 times one-year forward earnings, provided risk premiums stay subdued. The firm had eased its valuation worries back in May 2025, after markets steadied in the aftermath of global tariff-related tensions.
Nomura pegs Nifty 50 target for 2026-end at 29,300: What could drive the index? Explained
