Driven by weak Q2 earnings, the Nifty reported a 4% YoY PAT growth in 2QFY25, according to a report by Motilal Oswal, slightly above the expectations of 3%, marking its second consecutive quarter of single-digit PAT growth since the pandemic (June 2020). Corporate earnings showed signs of weakness, with adverse contributions from BPCL, JSW Steel, Coal India, IndusInd Bank, and Reliance Industries.