Indian companies' September-quarter profit growth is expected to accelerate even as performance is likely to be uneven across sectors due to global and local headwinds, according to five brokerages.
Foreign investors have pulled out of Indian stocks at a record pace, pushing the benchmark Nifty 50 towards its worst year in 15 years. While a weakest-in-a-decade monsoon has raised rural demand concerns, the Middle East conflict has fuelled inflation concerns globally, raising the risk premium on emerging market economies and equity markets.
