New Delhi, Aug. 21 -- The Indian equity market's earnings outlook has improved, with JP Morgan retaining its 27,000 target for the Nifty 50 and estimating MSCI India earnings growth of 11 per cent and 13 per cent in CY26 and CY27, respectively, according to its latest report.

JP Morgan said the FY27 earnings season started on a stronger-than-expected note, with revenue of MSCI India companies growing 19 per cent year-on-year and profit after tax (PAT) rising 16 per cent YoY in the first quarter.

It said, "Our preferred positioning leans heavily towards high growth domestic cyclicals. Our base/bull/bear case Nifty-50 targets remain 27,000/30,000/20,500 respectively"

The report added that performance was stronger among mid- and small-cap...