From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why
Analysis of this story by et_markets · 17 Mar 2026, 2:19 PM IST (about 1 month ago)
AI Analysis
The broader market is facing headwinds from geopolitical events and commodity price inflation, which are impacting earnings growth and investor sentiment. Recent Q3 earnings have shown mixed trends and a slowdown, reinforcing concerns about valuations.
Trading Insight
Maintain a cautious stance on the overall market; consider defensive sectors or quality stocks with strong fundamentals, but be prepared for potential further downside.
Quick check: NIFTY neutral, MARUTI bearish bias (oversold).
Key Evidence
- •Nomura has cut its Nifty target by 15% to 24,900.
- •The brokerage warns of a further 5% downside.
- •Reasons cited include geopolitical tensions, rising oil prices, and weakening flows.
- •Nomura sees risks to earnings and valuations.
- •Deeper corrections could create long-term buying opportunities.
Affected Stocks
NIFTYNifty 50
Negative
Nomura has slashed its target for the Nifty 50 index, indicating a potential broad market correction.
Sources and updates
Original source: et_markets
Published: 17 Mar 2026, 2:19 PM IST
Last updated on Anadi News: 17 Mar 2026, 2:42 PM IST
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