India's equity markets may face short-term pressure from the ongoing West Asia conflict, but the broader earnings outlook remains resilient, according to Trideep Bhattacharya, CIO - Equities at Edelweiss Mutual Fund.
Speaking to ET Now, Bhattacharya said the March quarter earnings season has been "fairly robust" despite geopolitical uncertainties, indicating that corporate India entered the current period of volatility in relatively strong shape. However, he expects FY27 earnings estimates to see modest downgrades of around 2-4% as higher oil prices and other external factors weigh on near-term growth expectations.
