SEBI Overhaul Triggers Market Reaction as Jefferies Sets Nifty Target at 28,300

Indian equity markets reacted cautiously but positively after the Securities and Exchange Board of India (SEBI) approved a sweeping regulatory overhaul aimed at modernising market operations and reducing costs for investors and mutual fund companies.

The regulator has cleared proposals to replace stockbroker rules that have been in place for nearly three decades, a move seen as a major step toward improving transparency, governance and efficiency across capital markets. The reforms are expected to simplify compliance, lower transaction costs and strengthen investor protection.

Speaking on Business Today, market experts noted that the regulatory changes could enhance long-term market stability and restore confidence among retail and institutional investors. Geojit Financial Services Senior Vice President Gaurang Shah welcomed the overhaul, stating that transparency, clarity and discipline are essential for sustainable market growth and that SEBI’s reforms move decisively in that direction.

Adding to the positive sentiment, global brokerage firm Jefferies released a bullish outlook on Indian equities, projecting the benchmark Nifty index to reach 28,300 by December 2026. The forecast is based on India’s strong economic fundamentals, structural reforms and improving regulatory framework.

The programme also highlighted global developments influencing investor sentiment. US President Donald Trump reiterated that his tariff-driven trade policies have helped attract a record $18 trillion in investments, a claim that continues to spark debate amid concerns over inflation and slowing global growth.

With SEBI’s reforms expected to reshape the domestic market structure and optimistic long-term projections from global brokerages, investors are now closely watching how these regulatory changes translate into market performance in the months ahead.