40% of Nifty 50 firms faced EPS cuts amid March selloff: Check which stocks saw biggest cuts and upgrades

The metals sector is currently benefiting from rising commodity prices, potentially driven by global supply concerns and geopolitical tensions. However, volatility remains high due to the global commodity cycle and China demand cues.

Look for long opportunities in fundamentally strong metal stocks, but maintain strict stop-losses given the inherent volatility of the sector.

For Indian markets, this story mainly matters for INDIGO, , and the Aviation, Infrastructure, Oil & Gas pocket. The current signal is bearish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: faced the largest EPS reduction due to soaring oil prices impacting the aviation sector sector witnessed EPS upgrades due to rising oil prices Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •40% of Nifty 50 firms faced EPS cuts amid March selloff.
• •Aviation and infrastructure sectors saw significant EPS estimate cuts.
• •InterGlobe Aviation faced the largest EPS reduction.
• •Oil & gas and metals sectors witnessed EPS upgrades.
• •Soaring oil prices and escalating US-Iran tensions are key drivers for these changes.