Ridham Desai of Morgan Stanley also thinks that the corporate tax cut creates room for improved earnings.
The current move (salshing of corporate taxes) ensures the right noises are being made, he said.
Mobius is, however, worried about taxation in the country.
If earnings growth comes in on expected levels, these stocks could give healthy return in coming months, said Neelkanth Mishra who does not expect much downgrade in banks.
According to them, midcaps are expected to see more action than largecaps in coming months and sectors to outperform will be financials, consumption and infrastructure
On the biggest risk factor, he said global growth concern and any rise in oil price are risks for India.
Arvind Sanger feels midcaps, which have been negatively impacted by liquidity and corporate governance issue, are not going to outperform only on back of election outcome
We don't see any particular reason for underperformance of India, Young said, adding they do keep a watch on energy prices due to India's dependence on crude imports
While Indian auto sector has structural opportunities, the near term outlook on volumes is negative nd the valuations are not yet fully reflecting the same.
Turnaround in political sentiment and FPI flows coupled with the expected large inflows from rights issues and the Arcelor deal have driven the rupee appreciation, and the rupee could stay strong if the flows continue.
Anand Shah of BNP Paribas Asset Management India said it's time to tighten the seat belt to withstand the volatility in the first half of the year to enjoy the earnings recovery ride in the second half of 2019 and beyond
Deutsche Bank said earnings revisions risks remain to the downside, but the growth incremental is in the right direction with normalising liquidity situation
Siddhartha Sanyal, Chief India Economist, Barclays, said after today's results, the market would focus on the upcoming Lok Sabha polls.
Valuations are more reasonable and we see continued strong earnings growth in 2019, said HSBC
Mohit Ralhan of TIW Private Equity said the uncertainty in global markets have increased
Alka Banerjee of S&P Dow Jones Indices said in India, a large bulk of the domestic money invested in stock markets tends to be of a short term speculative nature and is more susceptible to market returns
According to the latest report by IMF, India is poised to grow at 7.4 percent in 2018 and 7.8 percent in 2019, making it the fastest growing economy among peers overtaking China.
In Q2 2019, supply is expected to increase from US companies, which may bring some relief to rising oil prices
Market looks weak but Sanjay Mookim of Bank of America Merrill Lynch sees relative trades in retail, select banking and rural focussed stocks.
Macquarie feels the valuation risk is limited to benchmark indices while midcap is still vulnerable.
Ridham Desai of Morgan Stanley in his September report raised 30-share BSE Sensex target to 42,000 for September 2019, implying a potential upside of 11 percent.
In its latest report, Ridham Desai of Morgan Stanley said a delay in earnings growth recovery was one of the key reasons why investors were not feeling bullish on Indian equities
Gautam Chhaochharia of UBS Securities is neutral on state-owned banks and non-financial banks.
Ashwini Agarwal of Ashmore Investment Management feels the dollar strength is a big problem for EM currencies.
Tushar Pradhan of HSBC Global Asset Management feels macros do have some element of risk for the market in the short term but earnings will continue to grow