BNP Paribas sees cloudy outlook for equities, projects single-digit returns

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BNP Paribas expects Nifty's earnings growth for FY25 to moderate to 4-5 per cent, with some large sectors, particularly oil refining, expected to experience earnings declines.

The report stated that rising US bond yields reduce the relative attractiveness of Indian markets for foreign investors.

Vora highlighted that the continuously rising supply of equities could act as a headwind, as much of the DII flows will be directed towards absorbing this supply.

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Category: BusinessFinance

Markets: IndiaChinaFrance

Topics: Large-cap stocks Banking sector growth IT services bullish outlook Kunal Vora Mid-cap valuations Single-digit returns FPI flows Indian equities risk-reward Indian equity market 2025 Small-cap valuations Telecom industry cash flow FPI holdings India IPO supply Emerging markets equities India equities outlook Oil refining earnings decline US bond yields impact BNP Paribas India Strategy report Nifty 50 target 2025 Domestic institutional investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 16:42:38 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 25341033

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