Markets Daily India

India Earnings Season May Offer AI-Scarred Bulls a Lifeline

Earnings growth is beginning to broaden beyond a handful of sectors.

The Bombay Stock Exchange (BSE) building in Mumbai.Photographer: Dhiraj Singh/Bloomberg

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By Pratigya Vajpayee and Alex Gabriel Simon

February 17, 2026 at 2:46 AM UTC

This article is for subscribers only.

Good morning...

I’m Ashutosh Joshi, an equities reporter in Mumbai, with your daily dose of news and analysis before the start of trade.

Traders are hoping for stocks to build on Monday’s rebound, with options contracts for the Nifty 50 due for expiry. The Nifty’s near 1% gain was the biggest since Feb. 3. With several regional markets shut for Lunar New Year holidays, the focus will be on local cues. Globally, softer US inflation has pushed 10-year Treasury yields lower, reviving hopes of a Federal Reserve rate cut. Back home, while earnings show signs of recovery, a widening current-account deficit — driven by surging gold imports and weaker exports to the US — poses a fresh challenge. Gold is also starting to pull money away from equities.