Nifty 50 has witnessed a strong bull run in September 2025 so far, rising by more than 1,000 points in just 14 sessions. On September 18, Nifty touched an intraday high of 25,448.95, and experts believe that if the benchmark breaches the 25,500 mark, it has additional potential of rallying by 400-500 points. But while many are predicting 26,000 as the next big target for Nifty, global brokerage Goldman Sachs is seeing a 27,000 mark in next 12 months. More gains ahead!
Nifty Latest Performance:
At the time of writing, Nifty 50 traded at 25,388.15, up by 58 points or 0.23%. This comes after Nifty touched an intraday high of 25,448.95.
Keeping in mind the latest intraday high, Nifty has skyrocketed by nearly 1,015 points since the start of September. Here's how!
From September 1st to 18th, Nifty traded for 14 sessions so far. As of now, trading was closed on September 6th, 7th, 13th and 14th for the weekend.
That being said, on August 29, the last trading session of last month, Nifty was at 24,426.85. In fact, Nifty's lowest level from August 18 to September 18, 2025, is 24,404.70, which was recorded on August 29th. From the closing price of August 29th, Nifty has zoomed by 1,014.55.
Why is the Indian Stock Market Rallying?
Explaining in detail, Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, "The Fed chief Jerome Powell described the 25 bp rate cut as 'risk management cut'. The focus of the Fed commentary is the uncertainty surrounding economic activity, unemployment and inflation. Since the labour market is cooling and the GDP growth projection for 2025 is only 1.6%, perhaps two more cuts are possible this year, even though the Fed chief categorically stated that " the policy is not on a preset path." The softening interest rate scenario is favourable for the market to remain bullish."
He added that the Indian stock market is unlikely to be impacted by the Fed decision. The ongoing rally in the market is driven by expectations of earnings revival and a positive outcome from the India-US trade negotiations.
Also, Indian retail investors continue to overpower the outflow from foreign investors.
According to Ponmudi R, CEO of Enrich Money, FIIs remain cautious, having offloaded Rs 11,330.08 crores in the cash market month-to-date. However, their strategic additions in index futures (Rs 4,727.78 crores) and options (Rs 6,739.97 crores) reflect hedging activity rather than outright bearishness. Counterbalancing this, DIIs have infused Rs 32,892.91 crores, supported by resilient retail SIP flows and confidence in India's long-term growth story. This steady domestic support has anchored sentiment and offset external nervousness.
What Is the Next Big Target For 27,000?
Nifty is said to be testing its all-time high level of 26,277 that it touched on September 27, 2024. Two analysts believe a breakout above 25,500 could lead Nifty to break the 26,000 benchmark in the near term.
"Nifty is currently testing a key resistance trendline, which was formed from its first peak at 26,277 on September 27, 2024, and a second touch at 25,667. This trendline now slopes downward and converges near the 25,500 level. A breakout above this level could dismantle the resistance structure, paving the way for a sustained bullish trend with upside potential toward 25,650-26,000-just 3.6% shy of the 52-week high," said Ponmudi.
Furthermore, Rupak De, Senior Technical Analyst at LKP Securities, explained that Nifty continues to sustain above the previous swing high, supported by follow-up buying. Market sentiment has improved significantly, with the panic index slipping by 10 during the day, reflecting growing investor confidence.
"Going forward, the trend is likely to remain positive as long as the Nifty holds above the 21EMA, which is currently placed just above 24,900. On the higher side, resistance is seen at 25,400 and 25,500. A decisive move above 25,500 could lead to an additional rally of 400-500 points," said Rupak.
In a September 2025 report, analysts at Axis Securities assigned a bull case scenario for Nifty. They valued NIFTY at 21x, translating into a March 2026 target of 26,800. If Nifty hits 26,800 before March 2026, that would be its new record high.
But 26,000 is not the next big target for Nifty, not even the 26,800 level. It's 27,000!
An analyst at Goldman Sachs has predicted the 27,000 mark for Nifty in the next 12 months. The analyst has estimated four more rate cuts from the US Federal Reserve, two more in 2025, followed by another two in 2026. Amidst this, a weaker dollar gives more opportunity for central banks of emerging market to ease policies further. Emerging market equities have already surged over 20% YTD due to such a scenario.
Sunil Koul, Global EM Equity Strategist at Goldman Sachs, told CNBC-TV18, "We do expect further upside in equity markets in general, including in India." He added, "We think investors will continue to take allocations in the equity markets, and that continues to play out. And in that, we think India will also benefit."
However, when Nifty hits 27,000 mark, whether around Diwali festival or start of new year or new financial year, will be keenly watched.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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