Will the Sensex Hit 115,836 and Nifty Surpass 43,800 by FY28?
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Synopsis
A recent report predicts significant growth for the Sensex and Nifty indices by FY28, projecting the Sensex to reach 115,836 and the Nifty to touch 43,876. Despite potential challenges, the Indian economy showcases resilience and robust earnings growth, making it an interesting time for investors. Discover what this means for the future of India’s financial landscape!
Key Takeaways
- Sensex projected at 115,836 in bull case by FY28.
- Nifty expected to reach 43,876 in bull case scenario.
- In bear case, Sensex may settle at 1,04,804, Nifty at 39,697.
- Strong earnings growth projected with EPS CAGR of 12-14%.
- India's economy shows resilience amidst global challenges.
Mumbai, July 25 (NationPress) In a bull case scenario, the Sensex is anticipated to soar to 115,836, while the Nifty is projected to reach 43,876 by the financial year 2028 (FY28), according to a report released on Friday.
Conversely, under a bear case scenario, the Sensex may settle at 1,04,804 and the Nifty at 39,697 by FY28, as per Ventura, a stock brokerage platform, in its latest forecast.
It is expected that the Nifty will fluctuate within a specific price-to-earnings (PE) band over the next three years, backed by a predicted strong earnings growth with an estimated FY28 earnings per share compound annual growth rate (EPS CAGR) of 12-14%.
Vinit Bolinjkar, Head of Research at Ventura, stated, “In the past decade, the Indian economy has shown remarkable resilience, achieving the highest GDP growth among large economies despite facing global challenges such as the NBFC crisis, the Covid-19 pandemic, the Russia-Ukraine conflict, and recent uncertainties surrounding US tariffs from President Donald Trump.”
He further added that the factors mitigating risks are likely to surpass current challenges, propelling Indian GDP growth to 7.3% by FY30 (E).
By FY28, it is projected that the Indian index will exhibit a PE level of 21 times in the bull scenario and 19 times in the bear scenario, with an anticipated earnings-per-share (EPS) of 5,516 for the Sensex and 2,089 for the Nifty 50, according to the report.
Over the last ten years, India has proven its exceptional resilience by navigating a series of unprecedented challenges while maintaining its growth trajectory.
The report also emphasizes that even global setbacks, including the Russia-Ukraine war and tariffs from the Trump administration, have not hindered its progress, highlighting the strength of the Indian economy.
As of the mid-season point for Q1 FY26 earnings, a total of 159 companies have reported their Q1 FY26 results, showcasing widespread strength across essential sectors.
The engineering/manufacturing and services sectors are leading the way, while consumption, commodities, and pharmaceuticals are exhibiting steady performance, the report indicated.
Point of View
It's important to understand that while projections suggest significant growth in the Sensex and Nifty indices, market dynamics can change rapidly. However, the underlying strength of the Indian economy, evidenced by its resilience over the years, offers a hopeful outlook for investors. The nation continues to adapt and innovate, ensuring its position on the global financial stage.
NationPress
26/07/2025
Frequently Asked Questions
What is the projected growth for Sensex and Nifty by FY28?
The Sensex is projected to reach 115,836 and the Nifty is expected to touch 43,876 by FY28 in a bull case scenario.
What are the potential earnings per share by FY28?
By FY28, the anticipated earnings per share are 5,516 for Sensex and 2,089 for Nifty 50.
How has the Indian economy performed in recent years?
The Indian economy has shown remarkable resilience, achieving significant GDP growth despite facing various global challenges.
What factors could affect the market projections?
Global economic conditions, policy changes, and domestic challenges could all impact the market's performance and projections.
What is the expected GDP growth by FY30?
The Indian GDP is projected to grow by 7.3% by FY30.
