Bernstein raises Nifty target to 26,100 despite 11% rise

GreyOak summary

Bernstein raised its Nifty 50 target to 26,100 points from 25,000, citing improving sentiment and easing geopolitical tensions. The index gained over 11% in 12 sessions, outperforming peers as crude prices eased and foreign inflows increased. However, the brokerage warns of expensive valuations and weak demand for medium-term sustainability.