In a conversation with ET Now, Rahul Singh, tata Asset Management pointed out that the ongoing earnings season has largely met expectations, offering some comfort on the micro side even as macro concerns continue to weigh on investor confidence.
“Yes,the earnings season has started by and large quite fine actually because the numbers are either in line or better than expectations.The core drivers of earnings, whether it is credit growth, consumption and the likely impact of GST on the outlooks which the companies are painting for next year, all those things are going as per plan. Even it is indeed kind of, in pockets, managing to surprise. So,to that extent,the earnings season is turning out to be quite fine,” Singh said.
Though, he cautioned that earnings alone may not be enough to lift markets meaningfully in the near term.Currency movements and global economic data will also play a crucial role.
