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India’s Nifty holds near 23,900-24,100 as Q1 earnings reassure investors
Early Q1FY27 results point to less severe earnings growth fears than investors previously expected, supported by resilient domestic demand and steadier valuations.
LiveMint Markets reports that Indian equities have shown resilience despite a difficult global backdrop that includes geopolitical tensions, volatile crude oil, worries around a global technology sell-off, and slower world growth alongside persistent inflation.
The outlet said domestic support has helped limit downside, with the Nifty50 finding steady backing in the 23,900 to 24,100 range as investors largely looked past concerns in West Asia in recent sessions.
According to LiveMint Markets, early Q1FY27 results and business updates suggest earnings growth may be better than earlier feared, with the risk of broad-based earnings downgrades appearing lower than anticipated.
The report also highlights shifting investor perception around IT as AI-led transformation projects and improved technology spending intentions strengthen the case for longer-term growth potential, while banks, particularly private lenders, remain a key pillar of market strength.
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