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Broad Market Rally Seen Approaching End of Consolidation Phase
JM Financial expects India’s markets to exit consolidation and potentially begin a broad rally by FY27, driven by AI and healthcare themes.
According to JM Financial’s Managing Director & CEO‑Institutional Equities, Ankur Jhaveri, India’s equity markets may be nearing the end of a prolonged consolidation phase, setting the stage for a broad‑based rally heading into FY27. Key growth themes identified include data centres, AI ecosystems, healthcare, CDMOs (contract development & manufacturing organisations) and discretionary retail.
While investors remain cautious, the overall tone is increasingly optimistic amid improving sectoral trends and earnings visibility.