Indian stocks are poised for a weak opening, mirroring Asian markets amid ongoing US-Israeli attacks on Iran. The Nifty has breached key technical supports, with analysts identifying crucial zones between 24,600 and 24,300. Experts advise capitalizing on dips for long-term portfolio building, anticipating market stabilization once geopolitical anxieties subside.
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