Broader upside ahead; midcaps, NBFCs and autos to lead next market leg: Nirav Sheth

Indian markets are set for more highs as earnings strengthen and valuations turn reasonable, says Emkay Global’s Nirav Sheth. Broader markets, NBFCs, autos and cement are poised to lead the next leg of the rally, while strong IPO flows signal a healthy market. GST cuts, easing rates and rising credit growth are expected to drive momentum in 2026.