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India Stocks Start 2026 Firm With Earnings Revival in Focus as Data Tests Next Moves

A leading brokerage projects a multi‑year rebound in Nifty EPS, reinforcing a selective stance on private capex, financials.

Overview

  • Investors will track final HSBC Services and Composite PMI readings, US non‑farm payrolls and China data for near‑term cues.
  • The Nifty hit an intraday record of 26,340 last week as DIIs sustained buying and FIIs turned net buyers on Friday.
  • The Q3 earnings season begins January 12 with TCS and HCL Technologies set to report results.
  • Antique Stock Broking forecasts roughly 16% Nifty EPS CAGR for FY26–FY28 and characterizes conditions as supportive for an earnings recovery.
  • Market strategists expect 2026 to be more selective, with performance driven by earnings visibility, domestic liquidity, private capex and strength in financials.