Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
According to analysts, financials are likely to be the pick of the lot with the sector estimated to clock earnings growth of 53% in FY20
Metals and mining companies topped the earnings growth chart, with 151% growth in the sector's combined net profit during Q2
In the past five years, Nifty earnings growth has increased at a measly 2% CAGR
Overall earnings growth in 1QFY18 was muted due to GST-related destocking and discounts in a couple of consumption related sectors and export/global oriented businesses continuing with the sluggish trend.