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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A gung-ho attitude to the market hinges on rate cut expectations, but the risk of tapering earnings growth spoiling the party is a very real prospect.
Last week, Motilal Oswal Financial Services reported that in the first three months of 2024-25, the year-on-year earnings growth of companies in the Nifty 50 was just 4%—the lowest since June 2020.
That should have spooked investor sentiment. But nothing of the sort happened; the frontline index is up over 2% since the brokerage’s report.
If stock investing is about participating in the earnings growth of companies, investors seem to be strangely oblivious to the downward trend. There are a few reasons which explain their optimism. First, is liquidity in the form of foreign inflows and retail participation, which has …
