JPMorgan: If rate cuts and tax reductions are implemented, India's stock market is expected to reach 30,000 points by the end of 2026.
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JPMorgan predicts that driven by tax cuts and interest rate cuts, India’s benchmark Nifty 50 Index is expected to climb to 30,000 points by the end of 2026, up about 15% from its current level.
On Wednesday, the Indian stock market had its strongest rebound in five months,