Page 3 - Nomura

Nomura forecasts India's GDP growth to slide from 6.5% to 6.2% in FY26

India's real GDP growth in FY26 will slide further to 6.2 per cent in FY26 from 6.5 per cent in FY25, a Japanese brokerage said on Monday. In a research report, Nomura said there is a "divergence" between the growth in GST collections and across other high-frequency growth indicators like auto sales and bank credit growth. As per the official data released last week, the real GDP growth came down to 6.5 per cent in FY25 from 9.2 per cent in FY24. The RBI sees growth sustaining at 6.5 per cent, the official data showed. "Our baseline view assumes GDP growth moderates to 6.2 per cent in FY26 from 6.5 per cent in FY25," Nomura said in its report. The Japanese brokerage revised its March 2026 Nifty target to 26,140 points, up from the previous level of 24,970 points, on the macroeconomic trends and also sought to temper concerns on valuations. "The Indian equity markets have been resilient in the recent past despite corporate earnings estimate cuts and global uncertainties," Nomura .

Nomura raises Nifty target to 26,140 for March on strong domestic cues

The Indian equity markets have been resilient in the recent past despite corporate earnings estimate cuts and global uncertainties

Nomura raises Nifty March 2026 target to 26,140 on supportive macros

The revised Nifty50 target implies a potential upside of about 6 per cent from current levels.

KEC International: Analysts up target price but stay cautious post Q4 show

KEC reported a consolidated revenue of ₹6,870 crore in Q4FY25, up 11.5 per cent year-on-year (Y-o-Y), but marginally below Street estimates.

RBI's cash infusion to aid more rally in short bonds, says Nomura

The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action

US economy likely to slow sharply amid trade tariff hikes, says Nomura

The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman

Nomura to buy Macquarie's US, European asset management units for $1.8 bn

The Japanese company has had a troubled history in its attempts to expand overseas, including the acquisition of assets from the collapsed Lehman Brothers in 2008 which it later wrote down

Nomura raises Nifty target to 24,970 by Mar 2026 as index climbs to 24,000

The brokerage expects the Nifty to trade at 19.5 times its estimated earnings of Rs 1,280 for FY27, compared with an earlier multiple of 18.5 times

FMCG demand unchanged in Q4, urban weakness persists, shows Nomura report

The report states that it expects FMCG sales growth of 5.2 per cent due to some price increases, and volume growth is expected to remain stable

Brokerages analyse US tariffs impact on economies, sectors and markets

Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk

Buy Dixon, Samvardhana as US tariffs may boost electronics exports: Nomura

Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics

Nomura bullish on Indian steel industry; maintains 'Buy' on JSW Steel, JSPL

Nomura has set a target price of Rs 1,220 and Rs 1,080 for JSW Steel and JSPL, respectively.

NBFCs ripe for re-rating, says Nomura; bets on SBI Card, Bajaj, Shriram Fin

NBFC share price: Nomura, however, is negative on CreditAccess Grameen and M&M Financial Services

Nomura picks top auto stocks as Maruti, M&M expect 1% YoY PV growth in FY26

Auto Stocks Today: The FY26 outlook for passenger vehicles is "extremely cautious" as affordability remains difficult. Besides, weak rupee has increased input costs

Nomura sees 4% upside in Nifty50 target by Dec 2025; bets on these stocks

Nifty share price target: Nomura sees Nifty50 reaching 23,784 by December 2025, implying an upside of just 3.7 per cent in the rest of the calendar year

ABB India: Brokerages cut target post Q4; Nomura downgrades to 'Reduce'

A key factor influencing the change in target price is ABB India's disappointing order inflow, which missed expectations by 24 per cent, highlighting potential challenges in the near-term

Steel, pharma, chemicals: Top Indian sectors at risk of higher US tariffs

Countries that have free trade agreements with the US, such as Singapore and South Korea, are safer with respect to Trump's reciprocal tariff threat, analysts at Nomura said.

Most brokerages upbeat on Info Edge's outlook after strong Q3 results

Analysts at Nuvama have a bullish view on Info Edge, raising their target price to Rs 9,100 from Rs 8,800, citing strong growth across the business and improved margins

Setting up CBG plants can reduce Delhi's pollution by 30%: Nomura study

One CBG plant offsets emissions equal to 1.5 lakh electric cars, study finds

Nomura sees muted Nifty returns in 2025, sets December target at 23,784

Nomura Nifty target: Nomura suggests investors stay highly "selective" and bet on stocks and/or sectors with relative valuation comfort