Reported about 6 hours ago
A slowdown in corporate earnings from giants like Adani and Tata has increased worries about India's stock market, which is worth $4.1 trillion. Financial institutions have lowered profit forecasts amid disappointing results and a challenging global backdrop. With numerous companies failing to meet earnings expectations, investor confidence is waning, leading to significant sell-offs and a drop in market value. Experts suggest that despite recent tax cuts, the path to recovery may be protracted, as weak demand continues to dominate the economic landscape.
Source: YAHOO