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Consumption rebound to drive best Nifty earnings in over 2 years, more rate cuts needed: Saurabh Mukherjea

Saurabh Mukherjea says Indias consumption revival is already visible, with Q3 likely to deliver the strongest Nifty earnings in over two years. He argues the middle class needs another 100 bps of rate cuts and higher tax relief, funded by moderating capex. Mukherjea remains bullish on Trent and expects broader earnings to improve as consumption-led growth strengthens through 2026.