GEMS First To Market

J.P. Morgan's GEMS First To Market (08 October 2026) compiles top stories from its Global Emerging Markets Equity Research. India Equity Strategy previews 2QFY27 earnings: topline growth for the JPM universe is expected to rise to 20% from 19%, with earnings up 17% YoY for Nifty 50 and 16% for the JPM universe; EBITDA margins compress on elevated raw material, fuel, freight and packaging costs, while resilient domestic demand and early festive inventory build-up support double-digit growth. Positioning prefers mid/small-caps over large caps, overweight Financials, Consumer Discretionary, Industrials, Health Care and Materials, underweight IT. Korea Nuclear EPC: the large-scale nuclear pipeline is well-flagged and largely priced in, with incremental upside likely from SMRs;