
Jefferies says Indian shares set for better 2026 on earnings, domestic flows

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Jefferies predicts Indian equities will outperform in 2026 due to a recovery in corporate earnings and supportive macro trends. The brokerage sets a 2026 year-end target of 28,300 for the Nifty 50, indicating a 10% upside. Persistent domestic flows and a stable rupee are expected to support the market. Jefferies is overweight on sectors like lenders, autos, and telecom, and projects MSCI India earnings growth to accelerate. Top stock picks include Axis Bank, Bharti Airtel, and Mahindra & Mahindra.

