The brokerage firm has also highlighted RIL, SBI and The report outlines that Indian equities delivered a mixed performance in 2025, with the Nifty 50 gaining 10.2% to end the year at 26,326. However, broader markets lagged, as the Nifty 500 rose only 6.4%, while the Nifty Smallcap 250 declined 6.4%.Despite global headwinds such as foreign capital outflows, currency volatility, and geopolitical uncertainty, Axis Securities believes India's domestic economic fundamentals have remained notably resilient, pro ...