Emkay analysts believe a possible US recession from tariffs could reduce Nifty's FY26 earnings by 3 per cent, potentially derating the index to 21,500 in the near-term.
On the downside, an intensification of tariffs, such as the inclusion of pharmaceuticals in future rounds of sanctions, could lead to further earnings risks for Indian companies.
With the United States (US) imposing tariffs on, nearly, all the countries in the world, including India, the outlook for global trade as well as the US economic growth stands distorted.
The story "US tariffs not priced in yet; Nifty may hit 26,000 by March 2026: Emkay" has 886 words across 36 sentences, which will take approximately 4 - 8 minutes for the average person to read.
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