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Indian market's record 11 month stock rally at risk as profits cool

Business Standard LogoBusiness Standard10h ago

Indian market's record 11 month stock rally at risk as profits cool - Business Standard

Quick Summary:

India’s stocks have powered ahead in recent months as surging earnings outweighed fears about lofty valuations.

India’s goods-and-services-tax collections grew at the slowest pace in more than three years in September, while passenger-vehicle sales fell nearly 19 per cent from a year earlier.

For now, Macquarie Capital Securities expects to see “more misses than beats” in second-quarter earnings, particularly in sectors such as consumer discretionary, materials and financials.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 08:30:34 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23081542

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 325 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Indian market's record 11 month stock rally at risk as profits cool" was covered 10 hours ago by Business Standard, a news publisher based in India.

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