In FY22, corporate India’s profitability surged to multi-year highs, driven by a sharp drop in global commodity costs due to a fall in demand during the pandemic, along with strict cost-efficiency measures undertaken by corporates. The gross margin for the Motilal Oswal universe, excluding financials, is expected to drop to a decade low of 29.4%.
Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above