Small, mid-caps to outperform large-caps in Q2: J.P. Morgan. J.P. Morgan expects Nifty 50 earnings to grow 17% YoY in Q2 FY26, with small- and mid-cap firms outperforming large-caps. Growth will be led by metals, hospitals, retail, industrials, and financials. However, rising input costs may compress EBITDA margins by 121 bps. IT and cement sectors are expected to remain weak.