Ganesh Dongre of Anand Rathi projects the Nifty 50 will climb at least 20% to cross 30,000 by next Diwali, pushing the BSE Sensex past 90,000 and up to 1,05,000 in a bull case. Global equity directions will largely hinge on inflation trends, US bond yields, and anti-AI trade movements. Meanwhile, investors must stay alert to possible US policy paralysis following the midterm elections. Dongre selected Reliance Industries, Eternal, and ICICI Bank as his primary stock recommendations for the upcoming year.
Key points
Indian benchmarks are poised for significant expansion, with the Sensex potentially touch…: Indian benchmarks are poised for significant expansion, with the Sensex potentially touching 1,05,000 in a bullish scenario.
Domestic institutional backing and foreign portfolio flows into emerging markets are expe…: Domestic institutional backing and foreign portfolio flows into emerging markets are expected to serve as vital growth drivers.
Investors should carefully track US economic vulnerabilities and potential policy paralys…: Investors should carefully track US economic vulnerabilities and potential policy paralysis following the recent midterm election results.
Sources checked by our analysis pipeline: 1
Muhurat Trading 2026 | Sensex, Nifty 50 target in Samvat 2083: Following weakness in the US dollar, triggering profit-booking in the US bond market and cooling crude oil prices after the US Midterm Election Results 2026, the Indian stock market outperformed global markets. The Nifty 50 index finished at 25,030, logging a weekly gain of 8.60%, whereas the Bank Nifty index ended at 59,086, registering a weekly gain of over 8%. The BSE Sensex finished at 81,028, 6,569 points or 8.82% higher from the previous week's close.
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Ganesh Dongre, AVP — Equity Research at Anand Rathi, believes the Indian stock market bias has improved after the humiliating defeat of Donald Trump's Republican Party in the US Midterm Elections. The Anand Rathi expert said that the Democrats'…
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