Bernstein raised its December Nifty 50 target to 26,100 from 25,000, valuing the index at 18.5 times its FY28 estimated earnings, against 18 times earlier, as it believes global easing and near-term momentum can support valuations. Bernstein has raised its December Nifty 50 target to 26,100 from 25,000, citing easing crude oil prices, yields and capital flows. However, it remains neutral over 12 months amid earnings and.