Analysts expect slower-than-expected earnings growth for over 70% of Nifty companies in the next fiscal year due to weaker demand, subdued household spending, and slower credit growth. Companies like ONGC, HDFC Bank, and JSW Steel experienced earnings downgrades, while market cautiousness prevails due to lofty valuations and slowing profits.
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A