But otherwise, automobiles, banks, pharmaceuticals, capital goods they have all delivered on numbers. Metals and oil and gas was again supposed to be muted. So, I think all in all, the expectation of the result season from where we began the earnings season was a 5% to 6% earnings growth for this quarter.
ETMarkets Smart Talk | Indian markets offer attractive risk-reward for 9-12% returns: Amit Ganatra of Invesco Mutual Fund
Assuming that market returns in the long run track earnings growth, Indian markets offer an attractive risk-reward if return expectations are 9-12%.