Pace of earnings downgrades picks up with cost inflation, demand slowdown https://ift.tt/ZlMAWme sectors, oil & gas, healthcare, PSU banks, and consumer durables have seen the biggest earnings downgrades. Earnings per share estimates for the Nifty in FY23 have seen an increase of 0.12% to ₹882. In FY22, the Nifty delivered an EPS of ₹733, a growth of 35.2% year-on-year, the highest since FY04.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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