New Delhi, Feb 4 || The Union Budget 2026–27 strengthened medium-term earnings visibility for sectors aligned with public capex and policy priorities, even though earnings recovery will take time, a report said on Wednesday.
The report from small case managers said the Budget opened "actionable opportunities across defence ecosystems, manufacturing‑linked businesses, logistics, select auto and ancillaries, energy‑transition themes and innovation‑led pharmaceuticals."
The report said sharp market reactions came to selective measures such as changes in derivatives taxation and argued that Budget’s deeper signals point to continuity in capital formation, strategic manufacturing and defence‑led expansion.
The investment platform noted the recently announced India–US trade agreement as a positive development, adding that oil and gas, clean technology, nuclear energy, rare earths, data centres and artificial intelligence are top sectors to benefit from the deal.
Divam Sharma, smallcase manager and CEO & co‑founder of Green Portfolio, said many investors are experiencing their "first prolonged phase of weak earnings and subdued sentiment".