<ul data-eligibleForWebStory="false"><li>Jefferies predicts a sideways movement in Indian markets for FY26 due to an expected decline in nominal GDP growth, impacting earning-per-share estimates.</li><li>India's nominal GDP growth is forecasted to drop to 9% in FY26, the lowest since FY2004, while real GDP growth is expected to be healthy at 6.5% with lower inflation.</li><li>Weaker nominal GDP growth could lead to subdued corporate revenue growth and credit growth, affecting earnings momentum.</li><li>Jefferies anticipates banks and realty sectors to outperform in FY26, with the MSCI India Index showing an 8% return in January–December due to their strong performance.</li></ul>

Indian Markets To See Sideway Movement In FY26, Says Jefferies; Banks, Realty To Outperform

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