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Brokerage projects strong upside for Indian equities through 2026

ICICI Direct expects the Nifty to reach 30,000 by 2026, supported by earnings expansion and macro stability, while recommending Bajaj Finserv, IOL, and seven other stocks positioned to gain from sector-specific growth trends.
ICICI Direct has projected the Nifty could climb to the 30,000 level by 2026, citing earnings growth, stable macro conditions, and continued domestic participation. The brokerage highlighted select stock picks including Bajaj Finserv and India Oil Logistics, along with seven other companies expected to benefit from sectoral tailwinds, balance sheet strength, and improving return ratios over the medium term.