INDIA MARKET LENS
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'Hard To See Double-Digit Earnings Growth For H2 FY27,' Says JPMorgan's Rajiv Batra

A quarterly results development with market-wide reach.

· NDTV Profit

Batra told NDTV Profit that Indian markets have already "de-rated significantly", with both the MSCI and Nifty trading below their respective price-to-earnings multiples.

Period
FY27

This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it.

Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.

  • This is a market-wide development — its reach goes beyond any single stock.