Global brokerage BNP Paribas has unveiled its 17 top buy ideas for 2026, spotlighting Swiggy and Infosys as key picks. The firm projects mid-teen returns for Nifty 50, targeting 29,500 by December 2026, driven by earnings growth. Large caps, autos, banks, telecom, and consumer staples dominate the recommendations.
BNP Paribas has released its 2026 India equity outlook, identifying 17 stocks as top buy ideas amid optimism for earnings-led growth. The brokerage expects the Nifty 50 to reach 29,500 by December 2026, supported by resilient domestic flows, policy backing, and improving corporate profitability.
Among the highlighted names, Swiggy represents the rising consumer-tech sector, while Infosys underscores confidence in IT services despite global uncertainties. The list also includes Maruti Suzuki, Mahindra & Mahindra, Britannia Industries, HDFC Bank, ICICI Bank, Axis Bank, and SBI Life Insurance, reflecting a tilt toward large-cap, domestic-oriented sectors.
BNP Paribas emphasizes that 2026 will be a year of earnings-driven returns rather than valuation re-rating, making fundamentals critical for investors.
Notable Updates and Major Takeaways
Nifty 50 target: 29,500 by December 2026.
Return outlook: Mid-teen percentage gains expected.
Top picks: Swiggy, Infosys, Maruti Suzuki, M&M, Britannia, HDFC Bank, ICICI Bank, Axis Bank, SBI Life.
Sector focus: Autos, banks, telecom, consumer staples, IT services.
Investment thesis: Earnings growth to drive markets; large caps favored over midcaps.
Conclusion
BNP Paribas’ 2026 buy list reflects confidence in India’s domestic demand story and corporate earnings resilience. With Swiggy and Infosys leading the recommendations, investors are advised to focus on quality large caps across consumer, auto, banking, and IT sectors for sustainable returns.
Sources: Economic Times , News Minimalist , ET Marathi