'Be watchful of metals, mining and oil ahead of results'

ET spoke with Nischal Maheshwari, head research, Edelweiss, to get his views on the sectors to watch ahead of the earnings season.

Ahead of the earnings season, what are the sectors you would watch out for very carefully?

Sectors that are going to do well will be the consumer discretionary sectors. Those companies have really performed well in the last quarter again. Whether it is FMCG, automobiles or retail, all are doing extremely well. Again, on the capex front, some of the construction and capital goods companies have really done well, but I would be a bit worried on the numbers, specifically on the construction sector because last quarter as it was Q4 for them, good amount of bump up happened. It may not match up on a Q on Q basis but on a YoY basis, there would be good growth. So, these are the sectors we look to do well. Sectors that we would be cautious on are metals and mining and oil.