Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.
The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura
Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4
Tiles, textiles, chemicals and APIs sectors stand chance to gain market share from their Chinese competitors. These sectors, according to Nomura, constitute 8-10% of FY21 Nifty EPS consensus estimates
Rupee is down 10 per cent on year-to-date basis against 6 per cent appreciation in the last calendar year