Nominal GDP growth could fuel largecap recovery; pharma, auto ancillaries remain preferred bets: Shreyash Devalkar (opens original article in a new tab)

Indian stock markets show resilience with earnings performance driving growth, as higher nominal GDP and inflation may boost revenue, while midcaps have outperformed largecaps but improving GDP could narrow the gap.

• Indian stock markets continue upward trend with focus on earnings performance
• Higher nominal GDP growth and inflation may support revenue growth across sectors
• Midcap companies have outperformed largecaps, but improving GDP could narrow the gap