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Indian equities may be poised for a turnaround as the intensity of earnings downgrades slows, with the government pushing ahead with measures to support demand, according to domestic brokerage Motilal Oswal.
After four straight quarters of significant downward revisions, the cut in earnings forecasts during the June quarter (Q1FY26) was the smallest in a year, it noted.
According to an analysis done by the brokerage, FY26 and FY27 profit-after-tax (PAT) estimates for its coverage universe were trimmed by just 2 per cent and 1 per cent, respectively, compared with much steeper cuts in previous quarters.
Midcaps, in particular, bucked the
