Will Fitch cut in the US ratings impact Indian market? Hemang Jani answers

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Key Points

The Indian earnings season is going well with about 33 Nifty companies delivering decent numbers..

Despite the downgrade of the US rating by Fitch Ratings from AAA to AA+, there is no need to be too concerned as the broader trend for the Indian market is positive..

The hospitality industry is looking particularly good with strong traction in occupancy and pricing..

About 33 Nifty companies have delivered numbers and by and large at the aggregate level things are looking decent..

The broader trend for our market is quite positive.. Fitch Ratings has downgraded the US rating to AA+ from AAA..

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