ETMarkets Smart Talk | 2026 will be a year of moderation, not acceleration, as earnings growth normalises: Ambit Capital

Indian equities may see a measured year in 2026 after record highs in 2025. Experts anticipate muted headline returns and sharper stock-level dispersion due to normalizing earnings, rising market concentration, and stretched valuations. Investors are advised to recalibrate expectations and favor large-cap quality.