Here is expert equity call for the day on how the markets are expected to trade:
Sanjeev Prasad, Kotak Institutional Equities: We expect Sensex earnings to grow at 20.7% YoY in Q3FY11 led by automobiles, banking, metals and property stocks even as cement, sugar, telecom and utility stocks are likely to weigh down earnings. On an ex-energy basis, we expect the earnings of our universe to grow faster at 12.1% on account of large losses in downstream oil companies since we assumed nil compensation from the government.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
