📰 ET Stocks 🔴 BEARISH 🕒 13 Oct 2026, 02:24 PM IST

Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589

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Market & Financial Impact: PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

PL Capital sees market risks persisting despite attractive largecap valuations.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589

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