Broader index earnings growth to be in high single-digits: SBI Life CIO

Sectors such as automobiles, staples, banks with retail portfolio and the metal sectors may show double-digit growth

Gopikrishna Shenoy, chief investment officer, SBI Life, expects 15%-plus earnings growth for Nifty companies for the next two financial years. In an interview with Ashley Coutinho, he says the trajectory of interest rates is likely to be upward and volatility in the bond market may likely continue for some more time. Edited excerpts:

What is your outlook for the market for the year ahead?
 
On an average, we are pencilling in 15 per cent-plus earnings growth on Nifty companies for the next two financial years and see strong global growth of 3.3 per cent. The markets may