Nifty to Rally 15-20% in 2026, Q3FY26 Earnings Strongest in 2 Years: Shailendra Kumar

• Shailendra Kumar expects Indian markets to outperform in 2026, projecting a 15-20% Nifty rally.
• Q3FY26 earnings season is anticipated to be the strongest in over two years, driven by surging consumption and easing inflation.
• US AI theme shows high valuations (S&P 500 PE 30) but robust margins, differing from the dot-com era.
• India's market outlook is favorable for 2026, with normalized valuations and improving corporate earnings after a 2025 lag.
• Automotive and Financial sectors are expected to lead earnings upgrades, with select Consumer, Pharma, and IT stocks also performing strongly.

Why It Matters: Indian markets poised for 15-20% Nifty rally in 2026, fueled by robust Q3FY26 earnings.