Equity markets appear poised for their next leg of expansion after nine months of tight consolidation, with the Nifty trading in a narrow 5–6 per cent band amid global uncertainties and earnings recalibrations. According to PL Capital’s latest India Strategy report, the index has weathered a 9–9.5 per cent moderation in FY26–27 EPS estimates, yet underlying corporate performance remains resilient.The base case assumes the Nifty index with a 12-month target of 27,958. In a bullish scenario, a 20x multiple im ...