ICICI Bank, Infosys among 20 stocks that will ride India's 2026 rally: Nomura

Nomura said Indian equities are entering a fresh upswing, backed by “calmer geopolitics, stable macros, and a cyclical recovery in economic and corporate earnings growth.” The brokerage has pegged the Nifty 50 at 29,300 by end-2026, a roughly 12% rise from current levels, arguing that the recent reset in valuations has created room for upside. It added that domestic inflows remain resilient, while policy support, from GST cuts to monetary easing, continues to reinforce demand. In this backdrop, Nomura’s curated list of 20 stocks spans sectors it believes are best positioned to outperform. Poised for growth