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RARE PHOTOS: Nikhil agarwal | Vintage Vibes

India’s ‘anti-AI’ trade hides 42 AI-enabler stocks that rallied 60% already: Goldman Sachs

India’s Nifty has declined 12% in 2026, but Goldman Sachs’ basket of 42 AI enablers has surged 60%. Power, data centres and semiconductor companies are driving gains, supported by earnings growth, rising capex and increasing corporate focus on AI infrastructure.

The Economic Times

HDFC Bank is winning the mutual fund vote over ICICI Bank. Can the shift last?

HDFC Bank’s stock has fallen 27% in 2026, while ICICI Bank has gained 1.6%. Yet mutual funds have increasingly favoured HDFC Bank, adding to the laggard while trimming ICICI Bank. By August-end, ICICI Bank remained the larger mutual-fund holding, but the recent flow pattern signals a shift in preference as…

The Economic Times

UPI MDR bonanza: Why Paytm may win bigger, but Pine Labs could gain faster

Paytm and Pine Labs stand to benefit from the new UPI MDR framework, but the impact could differ sharply. Paytm has a larger absolute revenue opportunity, with analysts estimating FY28 UPI MDR revenue of up to Rs 1,160 crore, while Pine Labs could see a bigger impact on earnings and…

The Economic Times

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Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?

Indian IT stocks surged as calls for a slower pace of frontier AI development eased concerns over disruption to traditional software services. The Nifty IT Index gained 5% on Tuesday, adding Rs 1.13 lakh crore in market value, while power and infrastructure stocks tied to AI buildout declined sharply, highlighting…

The Economic Times

Why Jefferies is bullish on Manipal Hospitals after its ₹9,000 crore acquisition spree

Manipal Hospitals’ acquisition-led expansion is entering a key phase, with Jefferies initiating coverage with a Buy rating and Rs 870 target. The brokerage expects strong earnings growth, driven by the turnaround of Sahyadri Hospitals, new bed additions, higher utilisation and operating leverage. However, execution risks at Sahyadri and intensifying competition…

The Economic Times

CDSL’s IPO jackpot comes with a valuation catch. Jefferies sets Rs 1,315 target

Jefferies retained a Hold on CDSL with a Rs 1,315 target, implying 7% downside from Rs 1,414.90. While the IPO revival could add 3–4% to earnings, CDSL’s EPS is expected to grow 19% CAGR over two years, driven by new demat accounts, IPO income and margin expansion.

The Economic Times

Trump strikes Indian IT again! Why tech stocks lost Rs 55,000 crore in a single session

Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizant’s PERM labour certification filings, raising fresh concerns over tighter scrutiny of work visas and alleged visa fraud.

The Economic Times

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Invesco’s ₹16,000 crore midcap fund delivered 426% return in 10 years. Aditya Khemani reveals the strategy

Invesco India Midcap Fund has impressively delivered a 426% return over a decade, showcasing an investment strategy that values robust earnings potential and strong management teams. The fund employs a concentrated portfolio approach with a moderate turnover rate, aiming to compound earnings over three to five years. This blend of…

The Economic Times

Nifty’s next rally needs two battered warhorses to wake up. Which one will revive first?

For a continued uptrend, India's Nifty index relies heavily on the resurgence of the banking and IT sectors. Banks are poised for a quicker recovery owing to factors like enhanced liquidity and credit growth. Meanwhile, while IT firms navigate the complexities posed by AI, they still present attractive valuation opportunities…

The Economic Times

SaaS is beating the ‘SaaSpocalypse’! CLSA explains what AI means for Indian IT stocks

CLSA sees AI widening the gap between SaaS platforms and Indian IT services, favouring Persistent Systems and LTIMindtree. SaaS firms are gaining productivity, while system integrators face automation pressure. Both companies are adapting through deal growth, AI adoption and higher-value engineering work.

The Economic Times

Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days

UltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth,…

The Economic Times

Value stocks are making a comeback in India. These 10 stocks could benefit

The value-stock universe in India is showing signs of recovery after a sharp decline during the previous bull run. ICICI Securities has identified 10 stocks, led by Vedanta, ONGC and Indian Oil, that meet its value criteria based on earnings yield, return on equity, valuations, earnings trends and potential catalysts.

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