Global markets are showing signs of profit-taking, but Indian equities might benefit from deeply negative sentiment, potentially leading to better returns in 2026. Smallcaps could face prolonged stress, while autos, pharma, and FMCG are favored sectors. Fiscal constraints may limit the upcoming Union Budget’s stimulus potential.
Selective bets in defence, CV cycle turns supportive, value seen in ITC: Sandip Sabharwal
Ahead of the Union Budget, market expert Sandip Sabharwal urges selective investment in defence stocks. He notes the commercial vehicle cycle is strong, with Tata