Bullish Nifty Target 29,480 by Dec: Axis Direct Sees FY27 Buying Ops

Axis Direct has set an ambitious Nifty target of 29,480 for December, signaling strong confidence in the Indian market's recovery and growth potential. This projection comes after a period of underperformance in FY26, driven by global factors and FII outflows, but anticipates a turnaround fueled by domestic strengths.

This forecast is significant for traders as it provides a clear bullish directional bias from a prominent financial institution. It suggests that despite recent volatility and geopolitical tensions, the underlying fundamentals of the Indian economy and corporate earnings are expected to drive substantial market gains, making current levels attractive for long-term accumulation.

While no specific stocks are named in the provided text, the broad market bullish outlook implies positive sentiment for high-quality large-cap and mid-cap stocks across various sectors. Financial services, infrastructure, and consumption-oriented sectors are likely beneficiaries of improving domestic earnings and policy support. Traders should look for fundamentally strong companies with good growth prospects.

Traders should monitor FII flow trends, crude oil prices, and any further geopolitical developments, as these were key headwinds in the past. Also, keep an eye on corporate earnings reports for FY27 to confirm the expected growth trajectory and validate Axis Direct's optimistic outlook. Look for Nifty's ability to sustain above key support levels.

• •Axis Direct sets Nifty's December bull case target at 29,480.
• •Indian equities underperformed in 2025–26 due to global headwinds, FII outflows, and rising oil prices.
• •Improving domestic earnings and policy support are expected to drive future growth.
• •March 2026 saw a sharp correction amid geopolitical tensions.
• •Axis Direct recommends high-quality stocks and maintaining 10-15% liquidity.
• •FY27 is expected to offer buying opportunities, supported by a favorable base, structural reforms, and long-term corporate earnings growth.