Earnings rebound powers Nifty50 rally, and recovery promises more

The average net earnings of the Nifty50 companies during the March and June quarters in 2021 stood at Rs 1.35 lakh crore compared to an average profit of Rs 93,400 crore in the four quarters of 2019. The average net earnings of the pack stood at Rs 81,662 crore during the four quarters of the pandemic-hit calendar 2020.