India's Earnings Season Not Mumbai Rains To Dampen Spirits For Nifty 50 Firms.

MUMBAI (India); INDIA

India's earnings season is set to begin, with IT majors like TCS and HCL Tech reporting their results on July 11. However, profits for the Nifty 50 firms are expected to decline 11% from the previous quarter and remain flat from last year. Some sectors, such as real estate, are experiencing weak demand despite the overall boom in the industry. The rupee is predicted to outperform other major currencies, and foreign flows into debt and stocks are expected to increase. Domestic funds have been supporting the stock market, but inflows are starting to decrease as investors await the earnings season and federal budget. [Extracted from the article]

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