Rebound Forecast for India Earnings as Oil Drop to Buoy Spending
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Indian money managers are starting to see the glass as half full in their company earnings outlook.
Falling oil prices are underpinning expectations that the worst is over for corporate profits as savings translate into higher investment and consumer spending, despite the worst equity losses in six years on Monday amid a global rout. The S&P BSE Sensex earnings climbed 1 percent in the quarter to June, following a 45 percent drop in the prior three months, data compiled by Bloomberg show.