Jefferies’ Mahesh Nandurkar anticipates a sideways market movement in the next six to nine months due to strong equity supply and priced-in good news. While FY26 earnings are expected to grow, nominal GDP growth is projected to be lower, impacting corporate revenue. Despite current market strength, macro data points suggest a need for moderate growth expectations.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets