Earnings Beats Offer India Markets a Silver Lining Amid Oil Shock
Strong domestic demand is helping companies post better-than-expected results.
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Good morning...
I’m Savio Shetty in Mumbai, and here’s what you need to know before Thursday’s trading begins.
Asia’s stock benchmark has climbed to another record as optimism grows that the US and Iran are nearing a deal to end the war, easing concerns over oil prices. For Indian equities — which have joined the recent global rally but lagged regional peers by a wide margin — the latest earnings season could provide the catalyst investors have been waiting for. There are already signs the rebound is broadening: a gauge of small-cap shares has slipped back into bull-market territory. Traders will now look to results from Britannia Industries, Lupin, Dabur and Biocon on Thursday for fresh momentum.
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