# Nifty at 30,000? Anil Rego Picks 3 Sectors to Outperform in Next 2 Years
**October 30, 2025**
As the Nifty 50 dances around 26,000 amid a choppy October, optimism is bubbling up from Dalal Street's seasoned voices. Anil Rego, Founder and Fund Manager at Right Horizons PMS, sees the index's march to 30,000 as not just plausible but probable—fueled by India's 6.8% GDP growth trajectory and a domestic investor boom that's insulating markets from global jitters. But Rego isn't betting on the broad index alone; he's zeroing in on three sectors poised to lap the market over the next two years: banking & financials, consumption & retail, and infrastructure & capital goods. These picks blend cyclical rebounds with structural tailwinds, offering investors a roadmap through potential volatility. With earnings season kicking off and U.S. tariffs looming, is this the blueprint for your portfolio? Let's break it down.
## Nifty's Road to 30,000: Steady Climb, Not a Sprint
Rego paints a grounded yet bullish picture: The Nifty's uptrend, now flirting with 26,000, is backed by rock-solid fundamentals. Q1 FY26 GDP clocked in at 7.8%, with full-year estimates holding at 6.8%—powered by resilient domestic consumption, a private investment revival, and government's infra spending spree. "If growth and earnings trends persist, and global risks ease, 30,000 is achievable through sustainable progress," he notes, tempering enthusiasm with a nod to valuations hovering at fair levels ahead of Q2 results.
No wild rallies here—Rego advocates a measured approach, emphasizing the shift from FPI-driven volatility to domestic anchors like SIPs and mutual funds. This structural pivot, he argues, could buffer outflows and sustain the bull run, potentially adding 15%+ to the index by late 2027.
## Rego's Top 3 Sector Bets: Where Alpha Awaits
Rego's selections aren't scattershot; they're rooted in macro tailwinds like GST tweaks, capex surges, and credit normalization. These sectors, he says, marry short-term cyclical pops with long-haul structural shifts, outpacing the Nifty's expected 12–15% CAGR over two years.
| Sector | Key Drivers | Expected Outperformance | Why Now? |
|---------------------------------|-----------------------------------------------------------------------------|--------------------------|----------|
| **Banking & Financial Services** | Balance sheet cleanup, double-digit advances growth, tech-enabled underwriting, wealth mgmt boom from affluent shift to financial assets | 18–20% CAGR | PSBs challenging privates with cleaner books; NBFCs thriving in housing/retail lending; AUM growth in advisory/distribution. |
| **Consumption & Retail** | GST rationalization on essentials boosting affordability, urban income recovery fueling discretionary spend | 16–18% CAGR | QSRs, grocers, FMCGs gain from higher-value shifts; semi-urban demand acceleration in FY26. |
| **Infrastructure & Capital Goods** | Govt capex in transport/energy, private capex revival, easing rates aiding execution | 20–22% CAGR | Multi-year visibility from ₹11L Cr infra pipeline; credit flow from banks/DFIs sustains equipment demand. |
- **Banking & Financial Services**: Post the cleanup era, this sector's firing on all cylinders. Public sector banks are no longer laggards—boasting improved credit quality and capital buffers—while private peers eye broad-based lending growth. Rego highlights non-banks' edge in affordable housing and retail, with slippages at bay thanks to AI underwriting. The real kicker? Wealth management: As India's rich flock to alternatives over gold/property, AUM could swell 25% annually, re-rating the space.
- **Consumption & Retail**: Household wallets are loosening, courtesy of GST cuts on daily must-haves like packaged foods and footwear. This isn't just margin relief—it's a spending catalyst for QSR chains, hypermarkets, and FMCG giants. With urban incomes rebounding, expect basket sizes to balloon, especially in semi-urban pockets, driving a 16%+ earnings beat.
- **Infrastructure & Capital Goods**: India's capex engine is revving—govt outlays in roads, rails, and renewables are pulling private players along. Falling rates and bank credit will grease project pipelines, ensuring order books overflow for engineering firms. Rego sees this as the ultimate structural play, with visibility extending to FY28.
No explicit stock calls from Rego, but his framework screams names like HDFC Bank (financials), ITC (consumption), and Larsen & Toubro (infra) as proxies—DYOR, of course.
## Broader Market Outlook: Domestic Backbone, Global Watch
Rego's vibe is constructive: A stable policy milieu and GST reforms are supercharging corporates via tax perks, formalization, and demand spillovers into manufacturing and logistics. Domestic savers—via ₹20,000 Cr+ monthly SIPs—are the new market stabilizers, offsetting FPI whims. "This is a permanent shift," he asserts, eyeing broad-based earnings growth as the Nifty's fuel.
That said, risks lurk: U.S. tariffs under Trump, Middle East flares, and patchy global growth could cap upside. Rego advises diversification—equities for growth, debt for ballast—and a watchful eye on Q2 earnings for confirmation.
## X Buzz: Dalal Street Digs Rego's Roadmap
The article's drop (just hours ago) has X lighting up with strategist nods and retail queries. Business Today's post garnered quick traction, with users like @MarketMogulIN tweeting: "Rego nails it—BFSI & Infra for the win! Nifty 30k by Diwali '27? #Nifty30000" Threads debate staples vs. cyclicals, while #AnilRegoPicks trends lightly, blending optimism ("Consumption rebound = party time") with caution ("Global tariffs? Hold tight"). Early sentiment: 70% bullish on his trio, per informal polls.
## Verdict: Sector Surfing to 30,000 – Your Move?
Anil Rego's call is a timely tonic for a market nursing October blues—Nifty to 30k feels within reach, but his sector spotlight adds the alpha edge. In a world of Trump trades and Fed fades, leaning into India's domestic dynamo via BFSI, consumption, and infra could yield that extra 5–7% edge. Bullish? Allocate now. Skeptical? Wait for earnings fireworks.
Which sector's your bet? Or got a Rego counter-pick? Fire away in the comments.
*Sources: Business Today, Economic Times, and X ecosystem. Not investment advice—consult pros.*
The rise of domestic investors anchoring market sentiment signals a permanent structural shift in India’s equity market dynamics, says Anil Rego, Founder and Fund Manager at Right Horizons PMS.
In an interview with Ritik Raj of Business Today, Rego said the Nifty's uptrend approaching 26,000 is largely supported by strong economic fundamentals, including healthy GDP growth and steady domestic consumption.
1. With Nifty nearing 26,000, some analysts are projecting Nifty at 30,000. Is this optimism justified, or is the market getting ahead of itself?
The uptrend in Indian equities, with the Nifty approaching 26,000, is largely supported by strong economic fundamentals rather than pure exuberance, though a measured approach is advisable. India’s growth momentum remains healthy, with GDP expanding close to 7.8% in the first quarter of FY26 and annual growth expected near 6.8%.
This strength has been driven by steady domestic consumption, revival in private investment, and government-led infrastructure spending. Additionally, tax reforms and easing inflation now at multi-year lows have improved both corporate and household balance sheets, giving further confidence to the markets.
That said, optimism should be tempered by global uncertainties. The impact of US trade tariffs, geopolitical tensions, and uneven global demand could still pose headwinds. Valuations in several sectors are near to fair ahead of near-term earnings.
