Indian equity prices have been lifted by a deluge of global as well as domestic liquidity. Photo: MintThe first lot of financial results for the quarter ended December offers hope that corporate earnings are set to rebound. The December quarter results are important for a market that seems to be overvalued on the basis of historical earnings. There are other worries as well—ranging from the sharp rise in global oil prices to the prospect of US interest rate hikes. So, the rebound in earnings growth—as part of a broader recovery in economic growth—is essential if investor hopes are not to be dashed in the months ahead.

Source: Mint January 21, 2018 17:48 UTC