India's Earnings Season Gains Pace with Over 2,000 Companies Reporting

The June quarter earnings season is picking up pace this week as many as 2,045 companies are set to announce their results between August 14 and 18. The season began on July 9 with Tata Consultancy Services (TCS) reporting its results.

Corporate earnings are expected to grow by around 10%, marking the strongest expansion in four quarters. Goldman Sachs sees the Nifty 50 rebounding to 26,500 by June 2027 as it becomes more constructive on India following an improvement in the recent macro backdrop.

The brokerage firm expects a shift in market leadership in the second half of the year with investors rotating from growth stocks to value plays. As foreign outflows reverse in the second half, large-cap stocks and banks are likely to be among the biggest beneficiaries.