"The September earnings season in India highlighted a cautiously optimistic economic outlook. Cyclical sectors like BFSI, Auto, and Cement showed robust year-on-year growth, driven by consumer confidence and increased spending. The BFSI sector benefited from healthy credit expansion and improved asset quality, while the auto sector's resilience was marked by strong demand and new model launches. However, PSU banks faced challenges with pressured net interest margins. Real estate and consumer discretionary sectors also showed positive signs."
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