2026 Market Outlook: Nifty & Sensex Poised For Major Breakout?

After months of uncertainty driven by policy changes, political developments and global geopolitical risks, Indian equity markets appear to be stabilising towards the end of the year. In this segment, Anshul Jain, Head of Research at Lakshmishree Investments, shares his outlook on Nifty and Sensex for 2026, especially for investors focused on index funds and passive investing. According to Jain, the monthly charts of both Nifty and Sensex indicate the formation of a 15-month cup-and-handle pattern. A sustained breakout above the 26,200–26,300 zone on Nifty could open up a potential target of 30,000, based on the pattern’s measured move. Similarly, Sensex is showing a comparable long-term setup, where a breakout above 86,000 could pave the way for a move towards 1,00,000 over the next 1 to 1.5 years. He advises investors to closely track these monthly breakout levels, as confirmation could offer a significant upside opportunity in 2026.