Nifty valuations frozen for a year but Q3 earnings season could finally break the spell

India's Nifty50 has seen stagnant valuations for a year, but the upcoming Q3 earnings season could be a turning point. Analysts are divided, with some predicting a sharp rebound driven by banks, telecom, and metals, while others foresee continued soft earnings. The market is at an inflection point, with stock selection becoming crucial for potential gains.