BNP Paribas expects 2026 to be a stronger year for Indian equities, with the Nifty 50 seen delivering mid-teens returns and a December 2026 target of 29,500, driven largely by earnings growth rather than valuation re-rating. The brokerage is more constructive on large caps and domestic-oriented sectors such as banks, autos, telecom and consumer staples, citing policy support, improving earnings visibility and resilient domestic flows. Here are the brokerage’s top buy ideas for 2026:
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