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Manish Sonthalia projects a 10-12% earnings growth for Nifty 50 companies in FY26 and 10-15% in FY27, leading to an average EPS of Rs 1245. He suggests that the Nifty could test levels between 22,000 and 22,500, contingent on government spending and signs of earnings revival.
BSE Sensex and NSE Nifty experienced a significant pullback after reaching intraday highs, with Sensex down 600 points from its peak and Nifty facing resistance at 24,350. Despite a strong opening, selling pressure led to a retreat, and analysts warn of broader challenges ahead, projecting Nifty could drop to 22,000 amid modest earnings growth forecasts.
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