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Can Nifty 50 hit 30,000 by FY27-end? Smallcase managers remain bullish despite 9% decline YTD

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We expect NIFTY 50 to be in the range of 28,000–30,000 in FY27, a potential upside of nearly 15%–25% from current levels, supported by continued strength in sectors such as Banking, Capital Goods, Telecom, and domestic manufacturing themes,” said Ashwini Shami, smallcase Manager, President and Chief Portfolio Manager at OmniScience Capital.

The managers noted that while markets witnessed significant volatility during FY26 due to geopolitical tensions, foreign institutional investor outflows, elevated crude oil prices and valuation concerns, strong domestic fundamentals helped prevent a deeper correction