Krishna Kant

MNC-backed firms dominate India's top unlisted companies, combining strong growth and financial discipline, though domestic players are gaining ground

Companies' R&D spending hit a decadal low in FY25 as most of them prioritised record shareholder payouts over critical technological innovation

While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus

This is the lowest trailing P/E for the benchmark index since May 2020, when the multiple had dropped to 19.56x

Tata Sons' cumulative net profit at ₹1.97 trn over the decade, unlisted firms' combined loss at ₹1.75 trn

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears

Rising oil prices from the US-Israel-Iran conflict threaten Asia's growth, widening deficits, fuelling inflation, and testing energy security across major economies

There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth

IT, banking, aviation take biggest hit in Q3; 73 of 96 firms already counting the cost

The combined net profits of the listed companies excluding these cyclical sectors were up just 7.5 per cent Y-o-Y, decelerating from 17.2 per cent in Q3FY25 and 10.9 per cent in Q2FY26

Investors confront reversal as decade-long IT rally unwinds, reshaping Nifty's sector hierarchy

At 13.1%, fixed asset creation by leading listed firms hit six-year high in H1FY26

In comparison, the central government revenue expenditure is budgeted to decline by 2.5 per cent Y-o-Y to Rs 22.29 trillion in FY27 from FY26 revised estimates (FY26RE) of Rs 22.76 trillion

TCS, Infosys book one-time exceptional charges, while HDFC Bank absorbs higher wage costs directly into quarterly P&L

The category saw a reversal of fortune in 2025 amid a broadbased selloff. Krishna Kant & Ram Prasad Sahu analyse the ones to watch out for in 2026

BSE Sensex EPS growth slows to 1.3%, the weakest in five years, highlighting a sharp earnings slowdown even as valuations stay elevated

IT firms, RIL slow profit growth; banks biggest laggards in revenue

Retail, oil & gas divisions remain laggards

A stalled index masked stock-level swings across sectors. Krishna Kant & Ram Prasad Sahu identify the biggest movers of 2025

Earnings likely grew at slowest pace in 6 quarters