Inflows from foreign and domestic investors have been driving up stocks but they may easily retreat if earnings disappoint. Infosys Ltd, Bajaj Capital Ltd and Reliance Power Ltd are scheduled to report their fourth quarter earnings on 13 April. Analysts expect quarterly earnings growth to be driven by banks and metals companies. BofA-ML expects earnings growth to improve from sub-5% in FY17 to 12% in FY18 and 15% in FY19. “We are expecting 23% earnings growth for our universe and 22% CAGR over FY17-19.

Source: Mint April 09, 2017 19:41 UTC