Abstract: We analyzed the earnings revision of NIFTY component stocks for September 2026, finding the index's 2027E consensus EPS declined by -0.98% month-on-month to 1,214 from 1,226, while the NIFTY index itself fell -6.1% to 22,620. Individual stock EPS revisions contributed an estimated -0.613 index EPS points, with 20 stocks revised up against 22 revised down. The index was also rebalanced, with BSE (BSE IN) added at 1.2% weight and Wipro (WPRO IN) excluded. The largest positive EPS impact came from BSE (+6.92 index EPS points, driven by its inclusion) and Adani Enterprises (+0.971, on a +29.9% EPS revision). The largest negative impacts were from Wipro (-7.80, due to exclusion weight drift), HDFC Bank (-1.82, -0.03% EPS revision), InterGlobe Aviation (-1.35, -21.8% EPS revision), and ICICI Bank (-1.33, weight drift).
Shriram Finance, Tata Motors Passenger Vehicles, ITC, InterGlobe Aviation, ICICI Bank, NTPC
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