Expect Little Downside to FY16 Earnings: Nomura India
Prabhat Awasthi, Head Equity at Nomura India, believes that Q4 corporate earnings will be slightly better than Q3 despite the general feeling that earnings in Q4 have been very poor. He sees some downside to FY'16 EPS estimates but expects cuts to be smaller than previous years. He remains positive on markets with a big bet on cyclicals.
