Ceasefire not good for stock market? BNP Paribas cuts Nifty target for 2026, but picks 9 stocks

BNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25,500 and warning of fiscal and earnings pressure. Still, the brokerage sees opportunities in defensives and strong private-sector lenders, naming nine stocks—including M&M, Infosys, Titan and HDFC Bank—as likely outperformers.

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