If not for a loss by India’s largest lender State Bank of India, Nifty 50 companies would have met the average estimate in the quarter ended June.
The combined earnings per share of the benchmark index constituents missed the consensus by 7 percent, according to BloombergQuint’s calculations. That’s when three-fourths of the 50 companies either surpassed or met forecasts—the highest in at least three quarters.
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