Indian equities could be entering a decisive earnings-led phase in CY26, with Antique Stock Broking expecting a recovery in corporate profits and foreign portfolio investor flows after a weak 2025. The brokerage sees India’s “Goldilocks” phase continuing, supported by policy actions, easing macro headwinds, and a revival in capital expenditure, while preferring financials, capex-linked sectors, defence, and select discretionary stocks. Against this backdrop, here is the brokerage’s list of 10 large-cap stock picks for the period.