Rally at risk as UBS sees earnings as 'glass half empty'

The rally that helped India's benchmark stock index post its best week in three months may have outpaced the recovery in earnings growth, according to UBS Group AG. Net incomes at companies in the National Stock Exchange (NSE) Nifty 50 Index will grow 10 per cent in the year to March 2017, slower than the 21 per cent forecast by analysts, Gautam Chhaochharia, head of research at UBS Securities India Pvt in Mumbai, said in an interview.

The gauge ended 2015 within three per cent of his target of 8,200. The Nifty erased losses for the.

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