Analysts expect slower-than-expected earnings growth for over 70% of Nifty companies in the next fiscal year due to weaker demand, subdued household spending, and slower credit growth. Companies like ONGC, HDFC Bank, and JSW Steel experienced earnings downgrades, while market cautiousness prevails due to lofty valuations and slowing profits.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.