With momentum strengthening, overall profit growth for a sample of 2,857 companies accelerated to a six-quarter high of 15.2%, helped by a lower base of 4.1% in the year-ago quarter and a double-digit advance by select companies in sectors including automobiles, cement, capital goods and oil and gas.
Oil shock from Iran war raises risks for India’s stock market
Escalating Middle East tensions are poised to further weaken Indian equities, with strategists warning of underperformance against global peers. Higher oil prices, driven by the