Corporate revenues and profits surged in India during the December quarter, driven by GST reforms and strong performance in key sectors like automotive and financials. Analysts anticipate continued double-digit earnings growth in FY27, supported by favorable trade deals and improving business fundamentals, with a shift towards mid- and small-cap companies.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.