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Nifty 50 Earnings Estimates Fall As Downgrades Outnumber Upgrades So Far, Says Jefferies

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Nifty 50 earnings estimates have fallen 1.5% so far this earnings season as downgrades outnumbered upgrades, according to Jefferies.Of the 47 stocks in its coverage, half beat estimates and about a fifth reported in-line earnings, Jefferies said in a report. Nine globally-linked contributed the most to earnings cut even as margin outlook improved across the board, it said.



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