{
Pankaj Murarka

People

}

Indian Equity Market Stabilizes Amid Sluggish Corporate Earnings Growth Outlook

The Indian equity market has shown signs of stabilization, with the Sensex and Nifty rising for four consecutive days after a significant correction. However, experts warn that sluggish corporate earnings growth, expected to drop from 14% to around 7%, may lead to further challenges ahead. Pankaj Murarka suggests that the market will continue to consolidate for some time.
Moneycontrol
Renaissance Investment Manager IND Pankaj Murarka
Finance & Economy, Market Report
03:33 05.12.2024

markets may decline as earnings growth expectations are revised downwards

Pankaj Murarka, Founder of Renaissance Investment Manager, anticipates a potential decline in Nifty to the 22,000-22,500 range, viewing it as a fair market value. He projects a 7% earnings growth for the current financial year, down from an initial 14%, and expresses concern over the resilience of mid-cap and small-cap stocks amid a broader market correction. Murarka also notes that the Indian economy is experiencing a cyclical slowdown that may last another 3-4 quarters.
Moneycontrol
Renaissance Investment Manager IND Pankaj Murarka
Finance & Economy, Market Report
07:31 02.12.2024
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