Kotak Securities Sees Strong Equity Outlook for 2026, Gold to Remain Safe-Haven Asset

new delhi: kotak securities ltd on thursday released its market outlook 2026, projecting a robust year for indian equities and continued strength in gold despite global economic volatility.shripal shah, md & ceo of kotak securities, said india continues to stand out as a “beacon of growth” backed by supportive policies and healthy earnings forecasts. he added that gold is expected to maintain momentum in 2026 as geopolitical tensions and central bank buying keep safe-haven demand elevated.citing sebi's survey, shah noted that only 9.5 per cent of indian households currently invest in markets, though awareness is significantly higher, indicating vast untapped potential. he said brokerage firms must work towards improving access and participation.the report said gold prices surged over 55 per cent globally in 2025, crossing usd 4,000 per ounce, while indian prices rose 60 per cent due to rupee depreciation. silver doubled in value, supported by supply deficits. crude oil fell 19 per cent on surplus supply, while base metals remained firm.on equities, the nifty 50 recovered from a 17 per cent correction to close 2025 at a record high, led by large-caps. automobiles, banks and metals outperformed, while it and fmcg lagged.kotak securities expects nifty to reach 29,120 by december 2026 in its base-case scenario, with bull and bear targets of 32,032 and 26,208 respectively. preferred sectors for cy26 include bfsi, technology, healthcare and hospitality.