New Delhi, Aug. 31 -- Elevated crude prices following the West Asia war could feed into broader inflation expectations and force the Reserve Bank of India (RBI) to intervene. However, monetary policy is more effective at moderating demand-side excesses than at addressing external supply constraints. Given this, a calibrated rate hike won't hurt, but prolonged tightening could impact rate sensitives and raise the cost of funds for lenders, says Nirmal Jain, founder of IIFL Group.

June quarter (Q1FY27) earnings were particularly strong for global-facing companies like metals and financials. What do you make of the Nifty earnings trend?

Q1 earnings have been encouraging. Nifty EPS (earnings per share) growth accelerated to the low-to-mid t...