Strongest profits in 10 quarters couldn't stop Nifty's fifth straight losing day
India Inc. posted 18% YoY profit growth in Q1FY27, the best in 10 quarters and well above Motilal Oswal's 10% estimate, with ONGC, Reliance, Hindalco, JSW Steel and Bharti Airtel driving 60% of the gains. Yet Nifty fell for a fifth straight session to 24,287.65 on crude spikes, geopolitics and a weak rupee, closing below its 20-day moving average.