Nifty 50 companies are projected to see a 1.1% dip in net profit for the March quarter due to one-off gains in the previous year and lower expected profits from banking, pharma, and IT sectors. Revenue is anticipated to grow 8.3%, with operating margins expected to contract by 70 basis points.
Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above