Earnings upgrade cycle has begun, defence & consumption to shine: Trideep Bhattacharya

India is entering a new earnings upgrade cycle, says Trideep Bhattacharya, CIO–Equities at Edelweiss AMC. He expects the second half of FY26 to drive growth led by defence, consumer discretionary, and select IT stocks. Strong government capex, demand recovery, and macro stability make Indian equities poised for sustained upside in the coming quarters.