Neutral impactResults
Nuvama's Nikhil Ranka sees limited downside for stocks, expects earnings growth to rebound
CNBC-TV18 1 hr ago·14 Oct 2026, 10:36 am
Nuvama's Nikhil Ranka has turned cautiously optimistic about the broader market, suggesting that current stock valuations leave little room for significant downside. He believes that despite recent volatility, the market is well-positioned for recovery, driven by improving earnings momentum.
The key driver for this outlook is the expected rebound in corporate profits, particularly in the banking sector. Ranka forecasts operating profit growth of around 20% for banks, which could act as a strong support for the market. Additionally, he sees a higher probability of a reduction in Securities Transaction Tax (STT) rather than capital gains tax relief, which would further support investor sentiment.
Investors should keep a close watch on corporate earnings reports and any policy announcements regarding taxation. While the overall market outlook is positive, sectors like IT may have limited upside following their recent rally, so a diversified approach is advisable.
Excerpt from CNBC-TV18
Published On Oct 14, 2026 | 16:06 IST Last Updated On Oct 14, 2026 | 16:06 IST Nuvama's Nikhil Ranka sees limited downside for Indian equities, predicting double-digit earnings growth by FY27. He highlights strong potential for large private banks, attractive valuations in consumer staples, and a likely rupee trading…Read the original at CNBC-TV18
Key takeaways
- Category: Results.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
