Nifty 50 EPS estimates were cut for several key constituents in May 2026, with Cipla, L&T, Adani Enterprises, and Adani Ports among the top downgrades. BofA Securities cut FY27 Nifty earnings growth to 8.5% YoY. JM Financial reported 66% of Nifty 50 companies saw FY27 EPS cuts in April 2026. Full company-wise analysis and sector outlook inside.