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.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs