Furthermore, while 1QFY25 earnings were largely below expectations, we observe that earnings growth expectations for the remainder of FY25 is relatively higher. Any further disappointment in earnings growth could lead to a correction in the indices.
RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll
On Monday, the Reserve Bank of India’s Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key