2026 to beat 2025 for stocks: Nilesh Shah sees FII comeback, new winners

Indian equities could stage a strong comeback in 2026 after a weak 2025, says Envision Capital Managing Director & CEO of Nilesh Shah. He expects FII inflows to return, earnings to improve and new-age digital platforms, financials and healthcare to lead gains, while large IT remains a selective, bottom-up investment story for investors.