Indian equity markets poised for corporate earnings-led revival in 2026: Report

Key Highlights

• The brokerage also highlights the expected finalisation of bilateral trade agreements with the US and the European Union as a key positive for the medium-term economic and market outlook.
• "CY26 may turn out to be a better year for the broader Indian markets as corporate earnings and FPI flows may make a comeback .
• India's 'Goldilocks' phase is likely to continue in CY26 given the right policy intervention already undertaken by the Government and RBI along with the expected finalisation of bilateral trade agreement with the US and EU in the near term," the report read. Earnings growth is central to the 2026 market thesis.
• Antique projects Nifty earnings per share to grow at a compound annual growth rate of 16 per cent over FY26-FY28, a marked improvement from the subdued earnings growth recorded in the preceding period.
• The brokerage also notes that corporate earnings tend to track wholesale price inflation and nominal GDP growth, both of which are expected to normalise, creating a supportive backdrop for profitability across sectors.