Nifty 50 companies are projected to see a 1.1% dip in net profit for the March quarter due to one-off gains in the previous year and lower expected profits from banking, pharma, and IT sectors. Revenue is anticipated to grow 8.3%, with operating margins expected to contract by 70 basis points.
Oil, inflation and uncertainty: James Knightley breaks down market risks
Geopolitical tensions in the Middle East, particularly concerning Iran, are creating significant market uncertainty and keeping investors on edge. Rising energy costs due to supply