Expert view, July 17 -- Neeraj Chadawar, the head of fundamental and quantitative research at Axis Securities, forecasts Nifty to deliver quarterly revenue, EBITDA and PAT growth of 3.9 per cent, 3.9 per cent and 3 per cent YoY, respectively, in Q1FY26. Talking to Mint, Chadawar emphasised that markets will largely be earnings-driven in FY26, with a meaningful earnings uptick in the second half of the year. He also shared his views on sectors he is positive about, the impact of the trade war and his Nifty target. Here are edited excerpts of the interview:

The Q1FY26 earnings season has been marked with interesting events such as (i)geopolitical tension, (ii) volatility in crude prices, (iii) interest rate cuts, (iv) unseasonal rainfall, ...