Stocks are likely to remain on the front foot as the second-quarter numbers show the rebound in earnings has been swift and sharp. But it is likely to bolster global risk appetite. A rotation is also likely from sectors that were considered defensives against the virus to ‘leave home’ sectors in the coming quarters, point out analysts. But one good thing is that analysts are likely to upgrade earnings for FY21 on the back of improved banking sector earnings. Banks are also likely to see earnings growth continue in the FY22 as well as demand for auto and home loans bounce back.

Source: Mint November 15, 2020 11:26 UTC