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[hfe_template id='11223'] [ad_1] India’s tech titans, once the darlings of Dalal Street, are now limping into the Q4 results season bruised, battered, and bracing for more pain. With the Nifty IT index already down almost 30% from its peak, the sector is knee-deep in a bear market. And the bears are only getting hungrier. The March quarter results season begins today with Tata Consultancy Services (TCS) kicking things off, but the prelude to the earnings symphony has been anything but melodious, thanks to Trump’s tariff tantrums. Brokerages have gone on a downgrade spree, slashing target prices, cutting revenue estimates, and issuing cautious guidance—a loud signal that Q4 will likely be marred by seasonal weakness, a gloomy Europe, and growing clouds over US demand. “We expect largecaps to have a subdued quarter with all companies likely posting a sequential drop in revenues,” Nomura said, adding that it expects QoQ (quarter-on-quarter) constant currency revenue decline...

[hfe_template id='11223'] [ad_1] Even as Trump’s tariff tantrums dominate headlines, the biggest storm brewing for Dalal Street might not be coming from Washington—but from India Inc’s balance sheets. And unlike policy tweets, poor profits have a longer shelf life. The March quarter earnings season kicks off tomorrow, a market holiday though, with IT bellwether TCS announcing its numbers, and it couldn’t come at a more fragile time. After a nerve-rattling week driven by global fearmongering, Nifty bulls must now contend with the one force that truly steers stock prices—earnings. In the last few days, the market has been making sharp swings on the basis of any news—or even a rumour—around the trajectory of reciprocal tariffs by Trump. But with earnings taking the spotlight, the stage is set for what could be a harsh reality check. Motilal Oswal said the Q4 earnings remained essentially unchanged from previous quarters, with Nifty earnings growth expected at just 2% YoY. K...