Earnings season signals early recovery, but markets still driven by bottom-up stock picking: Deepak Shenoy

November 18, 2025

India’s Q2 earnings season showed cautious optimism with decent results despite tariff concerns. Corporate capex revival and potential rate cuts are influencing investors, while autos, healthcare, and engineering sectors present attractive opportunities. The market is currently tactical, but sustained trends in healthcare, smaller banks, and autos suggest a potential shift towards broader market strength.

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