In India, it’s becoming a ritual. Each year
investors are assured that earnings are about to recover. Each year, they
don’t.
Anything
that suggested that might change would be welcome news to stock bulls, who’ve
watched last year’s rally hit a wall. Now there’s evidence it may, though you
have to look pretty hard to see it.
As
usual, analysts are predicting a profit bounty for Indian firms. Net income
among NSE Nifty 50 Index companies is set to rise 25 per cent in 2018, they
say, catching up with a rally that added $822 billion to prices last year.
What’s cheering bulls today is that analysts have gotten a little better at
their jobs.
Read More:- Market Updates
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