Market expert Ambareesh Baliga expects the ongoing earnings (Q2 FY26) season to remain subdued, with limited upside in the near term. "I don't have too much expectation from these earnings. Overall, we should see some sort of uptick from the December quarter results, which is Q3. That's when markets could touch new highs or move beyond," Baliga told Business Today on Monday. Advertisement

Baliga believes the consumption theme will continue to hold promise, aided by GST-related benefits. "For the time being, I would say consumption is the story to be looked at because of GST. This is one space that is getting benefited. In consumption, FMCG, white goods and automobiles are the three segments to be focused on," he said.

The market veteran also sees opportunities emerging in the railway

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