Interact with CNBC-TV18: 'See earnings downside in financials, consumer sector'

A Moneycontrol boarder Harshad asks Rahul Singh of Standard Chartered Securities about the sectors he is top overweight and underweight on?

"I think 10-15 percent is where we think the earnings growth of FY15 will be," says Singh. Right now, earnings are in the more than 15 percent trajectory. The issue is if you look at the earnings growth trajectory for some of these sectors, there is some downside to those earnings especially in financials to some extent, even in consumer staples and discretionary.

He believes there is some downside to those numbers but feels it will be in the low teens, it will not probably be 10 percent because exporters are doing well. So a large part of the index now comprises exporters. So earnings, one is feeling much more secure and weak rupee has ironically helped the earnings rather than depressing it.