In Q1FY25, Bank and Auto stocks outperformed, while Infrastructure, Pharmaceuticals, and Metals lagged, resulting in modest 3% earnings growth. Revenue growth stayed at 9%. Real estate, pharmaceutical, and IT sectors highlighted notable revenue and profitability growth. Banks’ NIMs remained stable, and auto sales surged, especially in two-wheelers and commercial vehicles.
Ed Yardeni expects 25 basis point Fed rate cut this week
Economist Ed Yardeni anticipates ongoing US trade tensions under President Trump, viewing tariffs as a negotiation tool. He notes the US economy’s resilience with strong