Having propelled the benchmark gauge almost 10% last week in a budget-driven rally, stock bulls in India are now counting on earnings to be the catalyst for the next leg up. The 34 NSE Nifty 50 Index members that have declared December-quarter results have posted a 34% jump in earnings from a year earlier, according to a note from local brokerage Kotak Securities Ltd on Friday. With India’s daily new Covid-19 infections slowing and the vaccination drive gaining pace, analysts are betting on a stronger rebound in the economy and corporate profits in the months ahead. “Everything is in place – macro, policy, global backdrop,” said Gautam Duggad, head of research at Motilal Oswal Financial Ser
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