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Nifty 50 could end 2026 near 26,800 to 27,000, Hedged CEO says
The outlook hinges on crude holding around $80 to $85 a barrel and a monthly close above 26,326, which would open up a longer pattern target near 30,900.
Rahul Ghose, founder and CEO of Octanom Tech and Hedged.in, expects India’s Nifty 50 to stay bullish through the rest of the calendar year and finish 2026 in the 26,800 to 27,000 range, according to LiveMint Markets. In July, the benchmark index extended gains for a second straight month, rising 2.2%, with support from foreign portfolio investor buying, healthy Q1 earnings, and lower oil prices. Broader markets also climbed, with the Nifty Midcap 100 up 1.8% and the Nifty Smallcap 100 gaining 2.5%.
Looking ahead, Ghose said near term market direction will be driven by geopolitical developments, oil price moves, and foreign capital flows. He added that sustaining progress past the 26,800 to 27,000 area would require crude to stabilize around $80 to $85 per barrel, corporate earnings to keep the same momentum, and a reversal of FII outflows. Ghose also flagged the US-Iran escalation as the biggest overhang given its potential impact on crude, saying that if the premium from any escalation unwinds, a sustained move above $100 per barrel is unlikely. He noted that a monthly close above 26,326 would imply a rectangular pattern target near 30,900, while he expects the decisiveness for that move to be more of an early 2027 story.
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