The revision reflects macroeconomic challenges such as persistent inflation, weak urban demand, and revised EPS projections for FY25–27, according to the brokerage.
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
Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October. Although they had made significant contributions in July and
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