A report by Motilal Oswal highlights that the fourth-quarter performance of Nifty-500 companies in FY24 showed strong showings from domestic cyclicals like BFSI and auto sectors while global cyclicals such as Oil & Gas and metals experienced a downturn.
Sandip Sabharwal sees strength in financials, warns of IT sector headwinds
India’s top IT firms reported mixed earnings, grappling with near-term pressures and AI-driven structural shifts, leading to subdued growth forecasts. While IT valuations have become