�� Nifty Target Slashed: Is a 10% Market Crash Coming?

Global brokerage firms have slashed Nifty targets as the US-Iran conflict threatens to extend, despite President Donald Trump’s signals of de-escalation. Emkay Global warns of a further 10% crash to 21,000 if oil remains near $100, citing risks to India’s macro stability and FY27 earnings.

Nomura also cut its base target to 24,900, noting similarities to the 2022 Russia-Ukraine correction. While Pharma, Tech, and Telecom are seen as safe havens, Airlines and Auto sectors remain exposed. However, experts view this as a temporary correction, offering a strategic entry point into unfairly punished Banks and NBFCs.

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