BOFA predicts steady rally for Nifty, potential 12% rise by 2026

The latest BOFA equity outlook points to a sustained recovery in Indian stocks, driven by easing commodity price volatility and a firming rupee supported by recent foreign inflows of about $136 billion. While oil prices have repeatedly fallen back below the $100 per barrel mark, the firm expects crude to average $81 per barrel in Q4 2026. RBI policy is projected to tighten modestly, with a 25 basis‑point hike possible by December 2026.