This isn’t good news for the market, which is trading at higher valuation multiples than its historical averages, said analysts. In the past three months, 215 companies in the NSE 500 index have seen earnings downgrades, compared with 145 upgrades.
2 top stock recommendations from Vinay Rajani
Indian equity markets are experiencing a cautious phase, consolidating within a defined range as fresh buying momentum remains elusive. Technical analysts suggest the broader trend