JPMorgan has turned extra optimistic on India’s market trajectory, elevating its Nifty 50 base case goal to 30,000 by the tip of 2026.

The outlook is formed by a number of occasions traders ought to monitor: developments in bilateral commerce agreements with the US and EU, the festive season trajectory, the upcoming RBI and US Federal Reserve conferences, India’s FY26–27 Union Finances, a revamped methodology for financial indicators, and key state elections in 2026.

Based on JPMorgan, Indian equities have confronted a difficult 12 months, weighed down by weak earnings, low beta efficiency and restricted direct AI publicity. Nevertheless, it expects this section to reverse. With fiscal and financial coverage now aligned to bolster home demand, and as sectoral progress broadens out, company earnings are anticipated to rebound.

The report forecasts MSCI India earnings progress of 13% in calendar 12 months 2026 and 14% in calendar 12 months 2027. Whereas valuations stay elevated, the premium over rising markets has compressed to under the long-term common, decreasing a structural deterrent for traders.

Valuation considerations, it argues, shouldn’t overshadow the structural story. India’s premium valuations are supported by robust fundamentals, resilient earnings and deep home liquidity. With the valuation hole to rising markets now close to 50%, under historic averages, the scope for a re-rating is rising.