Earnings stay resilient, but Q1 FY27 could test markets: Harsha Upadhyaya

May 29, 2026

Indian equities showed resilience in Q4 FY26, but Q1 FY27 earnings may disappoint due to geopolitical tensions and energy disruptions. Kotak Mahindra AMC’s CIO, Harsha Upadhyaya, advises caution, highlighting banking, hospitals, and power as preferred sectors. Markets anticipate sideways movement until geopolitical clarity emerges.

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