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ā¢ 2QFY24 results have been promising, with BFSI and Automobiles driving the aggregate.
ā¢ Earnings of 36 Nifty companies that have declared results so far jumped 35% YoY, propelled by BPCL, HDFC Bank, JSW Steel, Reliance Industries, and ICICI Bank.
ā¢ The margin tailwind is expected to moderate in 2HFY24 with base effect coming into play and pick-up in some commodity prices.