Nifty may drop 7-8% as earnings outlook weakens: Invesco's Taher Badshah warns

• Invesco's Taher Badshah warns Nifty could fall another 7-8% due to weakening earnings outlook.
• Earnings growth expectations for FY27 are being revised down from 13-15% to 6-7%.
• Further downside risks exist if near-zero earnings growth is factored in.
• June quarter results expected to show pressure, with full impact visible in late 2026.
• Badshah holds a constructive view on the IT sector due to recent underperformance and limited geopolitical exposure.