Global headwinds ranging from US policies under Donald Trump to poll in three key European countries will also impact investors sentiments.
As per analyst prediction earnings growth for the next 1-2quarters should be tough from economy perspective. A fall in cement offtake, automobile, textiles, gems and jewellery and retail footfall is expected. However there is no anticipation of any major negative surprises in sectors like metals and oil & gas. 60% of the net profits of the Nifty-50 Index do not depend on India's GDP growth as their revenues are largely dependent on global factors.