Markets overlooking macro stress, says Kunal Vora amid oil and currency shock

April 30, 2026

Despite a calm surface, Indian equity markets face mounting macroeconomic pressures from rising crude oil prices and a weakening rupee. Experts warn that current market behavior suggests complacency, with potential earnings cuts looming as underlying economic softness emerges. Analysts anticipate a downward revision of Nifty earnings estimates for FY27.

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