Nifty may see 4-5% correction amid weak earnings
market hours1 source ↓written by the desknot a recommendation
- so far
- 3.5% profit growth
- and IT reported
- 3%
- growth
- 4%
- in November unless
- 4-5% correction
Weak earnings reports are impacting market sentiment, with Nifty companies showing only 3.5% profit growth so far. Key sectors like BFSI and IT reported 3% and 4% growth, respectively. Analysts predict a 4-5% correction in November unless earnings improve significantly. Select sectors like renewables and chemicals are performing better, but lack strong outlooks.
Not investment advice. For informational purposes only.