The Q1 earnings season for FY10 has finally drawn to a close and most companies have beat the street's expectations. Now, it is time to look ahead. CNBC-TV18's weekly broker poll finds that opinion is divided on the movement of the markets in the coming week. While 40% believe that the Nifty will close above 4700 this series, a close 33% don't think so while an almost equal 27% can't say.
But one thing is clear; brokers recommend a buy on banks, oil and tech stocks and a sell on metals, realty and auto post earnings.
Below are the details of the broker poll:
Can the Nifty close above 4700 this series?
Yes 40%
No 33%
Can't Say 27%
Will the broader market continue to outperform?
Yes 60%
No 40%
Sectors to buy post earnings
Banks
Oil
Technology
Sectors to sell post earnings
Metals
Realty
Auto
But one thing is clear; brokers recommend a buy on banks, oil and tech stocks and a sell on metals, realty and auto post earnings.
Below are the details of the broker poll:
Can the Nifty close above 4700 this series?
Yes 40%
No 33%
Can't Say 27%
Will the broader market continue to outperform?
Yes 60%
No 40%
Sectors to buy post earnings
Banks
Oil
Technology
Sectors to sell post earnings
Metals
Realty
Auto
source: MC
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