Nifty FY27 Earnings May Be Cut 2-3%, Valuations Better But Not Cheap: Gautam Duggad

• Gautam Duggad of Motilal Oswal Financial Services predicts a 2-3% cut in Nifty FY27 earnings.
• Higher oil prices, a weaker rupee, and rising input costs are impacting corporate margins.
• Market valuations are now more attractive, with the Nifty trading below 20 times forward earnings.
• Despite improved valuations, Duggad notes that the market is not yet 'screamingly cheap'.