New Delhi, Jan. 1 -- Anubhav Mukherjee, co-founder and fund manager at Prescient Capital, believes a broad-based rally is unlikely in the Indian stock market in 2026 due to overvaluations in several pockets. In an interview with Mint, he says he expects healthy earnings in Q3 FY26. "Benchmark Nifty 50 and Nifty 500 may deliver double-digit revenue and earnings growth in Q3," he says. Moreover, he also shares insights on the equity investment strategy for 2026.

Edited excerpts:

We feel that Indian equities will do well in 2026, though it will not be a broad-based rally as several pockets of overvaluation exist in the market.

From a macro perspective, the Indian economy is in a very healthy state entering 2026.

In 2025, three important ...