“In the Indian context, earnings have been soft, and broader markets remain overvalued, leading to a sharper correction. Now, the hope for a recovery depends on the earnings rebound. The market is watching whether the upcoming tax cuts — expected in the first quarter or first half of the next financial year — can stimulate consumption, private investment, and capex. If these factors align, they could drive an earnings recovery,” says Mayuresh Joshi, Head Equity, Marketsmith India. Edited excerpts:
