D-Street's record 11-month stock rally is at risk as profits cool

India's stock market faces a potential slowdown as companies in the NSE Nifty 50 Index are forecast to report flat or low profit growth for the quarter ended September. Factors include weakening consumer spending, rising commodity prices, and disappointing earnings from major players like Reliance Industries and Tata Consultancy Services. Global funds are increasingly diverting investments to China.