The National Stock Exchange of India building at Bandra Kurla Complex, Mumbai. (Photo: Twitter/@NSEIndia)
Nearly 90 percent of large caps that form the benchmark Nifty 50 have seen a cut in earnings estimates for the next fiscal, as the world’s largest lockdown to contain the coronavirus pandemic threatens an economy that’s already set to grow at its slowest pace in a decade.Forecast for earnings per share—the measure of profitability—has been lowered for 44 of the 50 constituents for FY21, which starts in less than 10 days, according to...