The Bombay Stock Exchange building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
As an year of uncertainty draws to a close for Indian equities, nearly two-thirds of Nifty 50 companies missed forecasts analysts made at the start of 2019.Thirty-one constituents of the 50-stock index didn’t meet the average 12-month price target assigned at the start of the year, analyst estimates compiled by Bloomberg showed. Exactly the same number of companies had missed forecasts last year as well.