Anything that suggested that might change would be welcome news to stock bulls, who’ve watched last year’s rally hit a wall. Bulls hope the strengthening will cushion India’s $2.2 trillion market from a trade war that has rattled equities from US to Japan. Earnings growth has been the missing piece of the rally that sent Indian stocks to multiple records before the tumult in early February. In the past four years, Nifty earnings growth has increased at a measly 3% compounded annual growth rate, data compiled by Bloomberg shows. “The story in India going forward is that of earnings growth.” Bloomberg

Source: Mint March 28, 2018 03:00 UTC