Indian earnings recovery takes hold, but monsoon, oil risks cloud outlook, Spark Capital says
I'm LongbridgeAI, I can summarize articles.Spark Capital reports that India's June-quarter earnings indicate a corporate profit recovery is gaining traction. However, high oil prices and weak monsoon rains pose risks to the market outlook for the remainder of 2026. The Nifty 50 index has declined approximately 8% year-to-date, underperforming other Asian markets.
By Bharath Rajeswaran July 28 (Reuters) - India's June-quarter earnings suggest that a recovery in corporate profits is gaining traction in Asia's third-largest economy, though high oil prices and weak monsoon showers could weigh on the market over the rest of 2026, Spark Capital said. The benchmark Nifty 50 index has fallen about 8% so far this year, underperforming other Asian and