"2019 will be an year of moderate returns for equity investors," says Rahul Singh, CIO-Equities, Tata AMC in a note titled, 'The Middle Years.'
Singh explains, market earnings growth (as measured by Nifty 50) estimates for FY20 are now ranging in the mid 20s with some estimates forecasting as high as 30 per cent. Some of this growth acceleration might be optical as corporate banks recovery appears to be on a firm footing even as core earnings support from consumption related sectors con ..