Earnings

Sweet said the AI ecosystem has become increasingly interconnected over the past year, with hyperscalers and software-as-a-service companies introducing new AI features and functionality rapidly.

At the sector level, energy was the main beneficiary of September upgrades, as crude prices rose amid escalating tensions in West Asia. Utilities also saw positive revisions.

HDFC Bank shares have delivered muted returns across several time frames. The stock is down around 2.1% over the past five trading sessions, while it has gained around 0.8% in the past month.

Infosys was the only stock in the list trading lower, at Rs 1,009.80, down 0.55%. Its intraday high remained marginally below the previous close, at a 0.06% decline.

For investors looking at mid- and small-cap stocks, Parekh said they can make investments slowly. He stressed that stock-picking and discipline at the right time are key.

On BSE, Adani Ports, Tata Steel and Kotak Bank were among the top gainers, while Eternal, Bajaj Finance and HCLTech were top drags.

Stock Market Today Highlights: All the sectoral indices ended in the red, with the Nifty PSU Bank dropping the most over 3%, followed by Nifty Realty, Nifty Auto, Nifty Metals and Nifty FMCG falling more than 1% each.

All 30 shares were trading in the red zone on BSE. Tech Mahindra, Sun Pharma, Bharti Airtel and Infosys were among the top losers.

Jaising said he remains positive on the defence sector despite the pessimistic market environment. He is also positive on financials and defence counters.

The Nifty now trades at about 17.5 times one-year forward earnings, below its 15-year average of around 19.6 times. India's premium over other emerging markets has also narrowed to a 10-year low. So, the market is certainly cheaper than it was.

Among sectors, gains were seen in Nifty Realty, Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty FMCG, while Nifty IT, Nifty Pharma dn Nifty Oil & Gas reeled under selling pressure.

This divergence tells us FPIs are not exiting India; they are becoming selective. The selling in the secondary market is a global story, not an India story, Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth told NDTV Profit in an exclusive email interview.