Stock market today, May 8 -- The disconnect between the Nifty 50's market performance and its earnings outlook is widening, as the EPS cuts in April accelerated further compared to March and February, signaling growing concerns about the earnings outlook for the current fiscal year.

According to domestic brokerage firm JM Financial, in the last 12 months, from April 2024 to April 2025, the Nifty50 has risen by 7.7%, while FY25E and FY26E EPS were cut by 5.1% and 6.8%, respectively.

In April 2025, EPS estimates for FY25E saw an increase of 0.3%, while FY26 and 27E estimates were cut by 1.1% and 1.0%. The brokerage noted that the rise in estimates for FY25 could be attributed to muted analyst expectations for Nifty's 4QFY25 PAT going into...