Sensex FY28 Forecast: From 81K To 115K, Ventura Sees Sensex Soaring By 42% In Next 2 Years

Sensex FY28 Forecast: Amid uncertain global economic landscape, India's large growth market is likely to fuel Sensex and Nifty by nearly 40% in next two years. India's large growth market is likely to outpace its global peers supported by a unique combination of strong GDP growth, moderate debt levels, and comparatively benign bond yields.

As most of the developed economies like the United States of America, Japan, etc may struggle with the staggering debt burdens, slowing growth rate, etc, developing economises like India offer a compelling opportunity for investors.

Hence, India is currently positioned as a magnet for global capital in the next ten years, stated Ventura in its report.

Nifty, Sensex FY28 Forecast

Nifty is likely to oscillate within a well-defined PE band in the next three years. Similarly, Sensex is also likely to see a sharp surge in valuations. "By FY28, Ventura values Indian index levels at a PE of 21x (bull case) and 19x (bear case) with an estimated EPS of 5,516 for Sensex and 2,089 for Nifty 50. In a bull case scenario, Ventura expects Sensex level to reach 115,836 and Nifty 50 level at 43,876 by FY28. In a bear case scenario, Sensex is projected to reach 1,04,804 and Nifty 50 at 39,697 by FY28," noted Ventura in its report on Friday.

Why India Is World's Most Promising Destination?

With a strong GDP growth rate of 6.5%, moderate debt-to-GDP ratio of 80%, and comparatively benign bond yields, India is likely to shine as the only large growth market.
"In the last 10 years, Indian economy has demonstrated resilience and clocked highest GDP growth as a large economy despite global headwinds of NBFC crisis, Covid 19, Russia-Ukraine war and the recent uncertainty on Trump tariff.

The risk mitigation influencers will outweigh the current challenges which will usher Indian GDP growth to 7.3% by FY30(E).We anticipate significant wealth creation aligned with India's structural reforms and macroeconomic stability," said Vinit Bolinjkar, Head of Research, Ventura.

India's growth trajectory remained strong despite a series of unprecedented disruptions including GST implementation, crippling NBFC crisis, dual shock of COVID 19 waves, etc.
India's long-term fundamentals continue to remain strong, supported by strategic developments like the Andaman oil discovery, domestic gold monetisation, import substitution initiatives, and a national security strategy.

Q1FY26 Result Trend So Far

A total of 159 companies have reported their first quarter earnings for financial year 2025-26 till now. Despite muted earnings of a section of information technology companies, consumer, etc, there was a broad-based strength observed across key sectors, according to Ventura brokerage. Consumption, commodities, and pharma have also showed their steady performance during the June quarter.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.