Key companies scheduled to report earnings include Shriram Finance, ACC, Bank of Baroda, Bank of India, Shakti Pumps, Concor, CreditAccess Grameen, Jindal Steel, Kfin Technologies, Jindal Hotels, Laurus Labs, Lodha Developers, SBI Cards, SAIL, Ramkrishna Forgings, Welspun Corp, and Sterlite Technologies.
Infosys' Q1 results led to a 3% share drop after global brokerages issued bearish calls following the company trimming its revenue growth guidance to 1.5%-3% in constant currency while keeping the operating margin outlook at 20-22%.
Meesho dropped by 5% to Rs 181.30, expecting a dip in on-year growth in net merchandise value (NMV) for the July-September quarter and planning increased spending on acquiring new users.
Goldman Sachs expects the Nifty 50 to rebound to 26,500 by June 2027.
Goldman Sachs anticipates an investor rotation from growth stocks to value plays in the second half of the year.

Market reaction is being driven by Infosys' Q1 results, which saw a 3% drop following global brokerages issuing bearish calls after the company reduced its revenue growth guidance to 1.5%-3% in constant currency, despite maintaining an operating margin outlook of 20-22%. Meesho also fell by 5% to its daily low of Rs 181.30 after forecasting a dip in net merchandise value growth for the July-September quarter and planning increased user acquisition spending ahead of the festive season.
Wall Street's Goldman Sachs views the Nifty 50 rebounding to 26,500 by June 2027 as more constructive due to improved macroeconomic factors, including lower commodity prices, a stabilized currency, resilient domestic growth, and better earnings expectations across sectors. The brokerage anticipates a shift in market leadership toward value plays in the second half of the year, believing that investors will favor reasonably valued segments as recovery expectations rise. Furthermore, Goldman Sachs suggests that large-cap stocks and banks are likely to benefit most from reversing foreign outflows in the latter half of the year.

The dynamic presented reflects a tension between corporate operational performance and macroeconomic sentiment. The reaction to Infosys' guidance adjustment demonstrates how even modest recalibrations in growth expectations, when framed by bearish external commentary, can trigger immediate market volatility, underscoring the market's sensitivity to forward-looking signals over current stability. Concurrently, Meesho’s move highlights consumer behavior adjusting rapidly to seasonal shifts and internal growth metrics, demonstrating that perceived future performance—like expected NMV trends—is a critical driver for stock valuation.
The macroeconomic outlook provided by Goldman Sachs suggests a structural shift where risk appetite is moving away from pure growth narratives towards value plays, contingent on an anticipated economic recovery trajectory. This implies that the underlying assumption shifts from rapid expansion to sustained, albeit slower, profitability and stability. The pattern of favoring large-cap stocks and banks as beneficiaries of reversing foreign outflows suggests a flight toward perceived safety amidst uncertainty.
The implication for market participants is recognizing that current valuations are heavily weighted by future growth expectations. When external factors like commodity prices or currency stability improve, the environment becomes more conducive to rewarding established value segments. The underlying pattern suggests that resilience in this environment depends less on the pace of growth and more on the ability of specific large-cap sectors to deliver stable earnings amid slowing global momentum. What is missing is a detailed analysis of how these micro-level company guidance adjustments interact with broader, long-term structural shifts in global capital flows.