Shailendra Kumar, Chief Investment Officer at Narnolia Financial Services, anticipates a strong earnings season for Q3FY26, potentially the strongest in two years, driven by surging consumption and easing inflation. He forecasts a 15-20 percent rally for the Nifty in 2026, expecting Indian markets to outperform globally. Kumar also commented on the US AI theme, noting high valuations but suggesting major AI companies' robust margins may limit corrections, differentiating it from the dot-com bubble.