Indian stocks poised for better CY26; Nifty earnings growth seen at 12% CAGR over FY25-27: Motilal Oswal

Indian markets may stage a stronger show in CY26 after a steep CY25 underperformance, as Motilal Oswal sees improving earnings momentum and supportive macro conditions. With Nifty valuations near long-term averages and upgrades returning, the brokerage expects steadier growth, moderating FII outflows and a healthier outlook across large, mid and small caps.