Q1 Earnings Disappointments: Why Banks, I.T. & Commodities Failed To Meet Market Expectations

The first quarter earnings season brought a few surprises, but not all sectors lived up to expectations. Mihir Vora, CIO, TRUST Mutual Fund, says private banks, I.T. services, and commodities were the biggest disappointments despite high market expectations. He believes pressure on bank margins due to intense competition for deposits is likely to be temporary, while I.T. services continue to face challenges from slowing growth and the impact of AI. In this Business Today interview, Mihir Vora explains which sectors underperformed in Q1 and what investors should watch in the quarters ahead.