Indian markets ended lower on Friday due to profit booking in financial and IT stocks. Despite the dip, midcaps, smallcaps, and rate-sensitive sectors stayed strong. Optimism remains on easing global tensions and rate cut hopes. US and European markets extended gains, while key Indian stocks saw high activity and buying interest.
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of