India’s corporate earnings for Q2FY25 showed an 8% YoY PAT growth for the BSE500, excluding oil marketing companies. However, weak demand and fading margin tailwinds have led to a 3% cut in FY25 EPS estimates. Cement, metals, and energy sectors faced challenges. The outlook for H2FY25 hinges on government spending and rural demand recovery.
Tech View: Nifty forms hammer candle; rebound from 23,500 offers hope. How to trade on Thursday
The Nifty’s short-term trend remains weak, but a smart recovery near 23,500 levels suggests a potential upside bounce. A sustained move above 23,800 levels could
January 8, 2025