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[hfe_template id='11223'] [ad_1] Domestic benchmark indices opened lower on Thursday, dragged by losses in banking and auto stocks, after a strong rally earlier this week that took them to nearly seven-month highs. Analysts expect consolidation as recent gains from trade deal progress and macroeconomic stability appear to be priced in. At around 9:47 am, the BSE Sensex was down 501 points, or 0.62%, at 80,828, while the Nifty50 slipped 131 points, or 0.53%, to 24,535. From the Sensex pack, IndusInd Bank, Sun Pharma, M&M, Maruti, Kotak Bank, and Axis Bank were among the top laggards in early trade, while Tech Mahindra, Adani Ports, Tata Motors, and HCL Tech opened with gains. Among individual stocks, Tata Power jumped 2% after the company reported a 25% YoY increase in its consolidated net profit, reaching Rs 1,306 crore in Q4FY25. Eicher Motors shares surged 2% after the company posted a strong set of Q4FY25 numbers, with consolidated net profit rising 27% year-on-ye...

[hfe_template id='11223'] [ad_1] On the back of softening corporate profits and elevated valuations, global brokerage firm HSBC has downgraded its rating on India to ‘Neutral’ from an ‘overweight’ earlier, setting a Sensex target of Rs 85,990 for 2025. While India has experienced annualized growth of 25% in recent years, HSBC notes that this pace is unsustainable. The brokerage firm has significantly reduced its FY25 earnings growth forecast for the Nifty 50 from 15% to just 5%. This substantial downward revision reflects concerns about the near-term profitability of Indian companies. HSBC also points to elevated valuations, currently at 23 times forward earnings, as a cause for concern. These high valuations, coupled with the reduced earnings growth outlook, suggest that the market may be overvalued. The brokerage firm believes that these factors will likely prompt investors to re-evaluate their positions in the Indian market. This re-evaluation could lead to reduced in...

[hfe_template id='11223'] [ad_1] Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings. “While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” strategists including Sunil Koul wrote in a note on Tuesday. Worsening earnings sentiment, an accelerating pace of earnings-per-share cuts and a weak start to the September-quarter results season indicate an impact on profits, they added. High valuations and a less supportive backdrop could limit the near-term upside for local shares, they said. ETMarkets.com The cautious stance underscores growing concerns over the sustainability of company earnings amid weakening consumer spending and increasing commodity prices. India’s record stock rally is already showing signs of fatigue, with the benchmark NSE Nifty 50 Index sliding more than 5% in October, o...