New Delhi, Oct. 27 -- Net profits of the Nifty-50 Index is projected to grow 18 per cent in FY2027E and 13 per cent in FY2028E, even as geopolitical strains, elevated crude oil prices, and macroeconomic pressures weighed on investor sentiment, according to a report by Kotak Institutional Equities.

"We expect earnings of the Nifty-50 Index to grow 18% in FY2027 and 13% in FY2028E," the report stated.

The report mentioned that early corporate earnings for the second quarter of the financial year delivered positive surprises. Second-quarter net profits of the Nifty-50 Index stood 1.7 per cent above brokerage estimates and registered a 19 per cent increase compared to the corresponding period of the previous year. Across the broader Kotak I...