Infosys Technologies reported strong quarterly numbers and the company has registered better revenue growth, margins and profit growth compared to market expectations.
Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.
Indian markets faced major decline in many weeks as stocks tumbled and US dollar jumped against INR. Markets would look towards global cues as tension between Iran and United States escalated.
Earning recovery should be the key highlight for the Indian markets in 2020, other than this more policy steps for economic reforms, more names in divestment list, rise in foreign fund flows, serie