The Q4FY23 results were slightly better than expected, with the Nifty50 index showing 15% YoY earnings growth and the broader market seeing approximately 10% growth. Financials and auto enjoyed the most significant upgrades, while IT, pharma, and metals experienced downside. The Indian economy witnessed a real GDP growth rate of 7.2% in FY23 with the market expecting better corporate profit performance in FY24, despite a projected slowdown. Companies with stable domestic demand and those oriented towards the domestic market are likely to benefit the most, with value-oriented investments and stock-specific approaches recommended.