M&M, ICICI Bank, Bharat Electronics, Axis Bank, Wipro, Bharti Airtel, HDFC Life, Hero MotoCorp, Infosys, Tata Steel, and L&T were some of the biggest large-cap losers on the benchmarks -- Sensex, Nifty -- today.
The expectations for FY26 corporate earnings are still somewhat elevated, given the underlying macro-micro backdrop, and are thus ripe for further downgrades.“The recent correction in broader markets factors into some of the potential disappointments in earnings ahead.
According to analysts at JM Financial Technical and Alternative Research, the Nifty index has, typically, never closed in the negative territory for eight or more consecutive sessions.
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