JPMorgan expects earnings per share growth of Nifty to be around 15%

Sector wise, Garg said that financials were still not a very attractive sector in the Indian market. "I think financials have struggled pretty much everywhere globally even in developed markets and that is not one of our preferred sectors. Interestingly, if you look at consumption then the discretionary part and particularly the automobiles have been a lot worse off. So I think there is probably interesting opportunities in sectors like healthcare. That may not necessarily be a domestic consumption story but that has also been a very large underperformer if you take a one-year context and that looks like one of the better opportunities at the moment,” he mentioned.