Nifty Headed to 28,000 by Dec 2026! | Pramod Amthe Overweight on Indian Markets, Bullish on Metals　 #ETNOW

Pramod Amthe, Head of Institutional Research, has turned overweight on Indian equities after 18 months of neutrality. He sees the Nifty heading to 28,000 by December 2026, implying a 10–19% upside. Amthe expects earnings downgrades to bottom out by September and recovery to begin early next year. He’s bullish on metals, upgrading Tata Steel, JSPL, and SAIL to Add, while remaining cautious on Jindal Stainless. He also comments on SEBI’s mutual fund fee revamp and its impact on AMCs.

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