JM Financial has predicted that the Nifty50 companies will see their profits increase by 9.8% in the third quarter of the financial year 2026 (Q3FY26). This growth is expected because sectors like IT services, automobiles, metals and mining, telecom, and industrials are performing strongly.
The company also highlighted that steps taken by the government to encourage people to spend more will help support this growth. These measures include cutting income taxes, lowering interest rates, increasing money available in banks, and reducing GST rates. Together, these actions are expected to boost consumer spending and strengthen the overall economy.
Overall, JM Financial believes that a combination of strong sector performance and government measures to increase consumption will help Nifty50 companies report higher profits in the coming quarter.