Nifty Prediction: Will Nifty Touch 28,800? Big Prediction for Stock Market in 2026, Gold to Shine Too
Nifty Prediction: Great news has arrived for investors right before the New Year. After a long wait of 189 trading sessions, the stock market has finally scaled fresh highs. Amidst this positive atmosphere, a massive prediction for 2026 has come to light. According to Laurence Balanco, a technical analyst at the renowned brokerage firm CLSA, the Indian stock market could create new history in the coming year, i.e., 2026. Per his analysis, there is a strong possibility that the Nifty could touch the level of 28,800 within 2026.
How Will the Market Move in 2026?
Speaking to NDTV Profit, Laurence Balanco pointed out that the Indian market is currently in a strong position. A positive trend or “seasoned strengths” will be noticeable starting from December itself, which will provide a solid foundation for the market as it enters the new year.
He said, “Next year we can see the market work its way to 28,800. We expect seasoned strengths to come through in December and start off 2026 on a positive note.” Although he cautioned that there might be some volatility in the second and third quarters of 2026, the overall picture remains quite promising.
Why Will the Indian Market Be Strong?
According to Balanco, several international and domestic factors will aid this rise in the Indian market. One of the key factors is the weakening of the US Dollar.
- Dollar Decline: As the US dollar weakens, emerging markets, including India, are set to benefit significantly.
- Market Ratio: The performance ratio of emerging markets compared to developed markets is continuously improving.
Due to all these factors, experts believe that despite occasional pauses or consolidation, the overall trend of the Indian market in 2026 will remain upward.
Big Opportunities in Metal and Commodity Sectors
Not just stock indices, Balanco has also indicated major changes in the commodity market. He believes that commodities could become a key theme in 2026. The Bloomberg Commodity Index has recently confirmed a breakout, which is a good sign for this sector.
| Sector/Commodity | Potential Target/Forecast |
|---|---|
| Nifty | 28,800 Points |
| Gold | $5,100 – $5,200 (Per Ounce) |
| Copper | $16,200 (If it closes above $11,000) |
Specifically, the Nifty Metal Index is expected to perform well throughout 2026. The leadership shown by the metal sector in the second half of this year is highly likely to continue into the next year.
Record Rise Likely in Gold and Copper Prices
Another big piece of news for investors is the potential rise in gold prices. Balanco stated that while gold prices are currently undergoing some consolidation, they will soon start rising again. According to him, gold prices could reach the level of $5,100 to $5,200 per ounce.
Additionally, there is a possibility of a significant jump in copper prices. If copper closes above the $11,000 region, it could rally towards $16,200. All in all, experts believe that 2026 is going to be extremely eventful and profitable for investors in both the stock market and the commodity market.
Disclaimer: This is published for informational purposes only. Investment in the stock market or mutual funds is subject to market risks. Please consult your financial advisor before investing.
