Focus shifts to guidance over Q2 earnings for Indian equities
pre-market1 source ↓machine-written, see hownot a recommendation
As Indian equities approach Q2 results, global macro pressures like elevated crude oil prices and rising US Treasury yields are raising concerns over inflation and valuations. Nimesh Chandan, CIO of Bajaj AMC, highlights the importance of guidance, particularly for exporters, auto ancillaries, and pharmaceuticals, as investors seek clarity on future earnings growth. 📈
Key Points:
• Elevated crude oil prices and US 10-year yield above 5% add to market concerns.
• Large caps lag amid weaker earnings growth and estimate downgrades.
• Focus on sectors like electronics manufacturing and select commodities for potential growth.
Not investment advice. For informational purposes only.