Markets have indeed been very volatile in the past couple of months. Firstly, corporate earnings performance has come below expectations for most sectors with single-digit PAT growth for the Nifty and BSE500 leading to downward revision in earnings estimates. Markets have indeed been very volatile in the past couple of months. Firstly, corporate earnings performance has come below expectations for most sectors with single-digit PAT growth for the Nifty and BSE500 leading to downward revision in earnings estimates. Economic Times