Expect Q3 earnings to be on the same lines as Q2: Rajat Rajgarhia

In a chat with ET Now, Rajat Rajgarhia, MD-Institutional Equities, Motilal Oswal Securities, shares his views on the market outlook. Excerpt:

ET Now: The euphoria and excitement from 2013 has not rolled over to 2014. Are you confident that it will pick up as the results season unwinds?

Rajat Rajgarhia: This December quarter will be an almost a mirror image of what the September quarter was (at the aggregate level). If you break the entire earnings into the dollar denominated business models, they will be growing at 25-30 per cent.

All the domestic businesses on an aggregate basis will be growing almost flat because of which markets are also getting heavily tilted towards the companies which are still beneficiary of the weak rupee.

For the slow start of 2014, people are getting realigned to this fact that once the tapering begins now, how should one position emerging markets versus developed markets. Most of the markets have opened soft for this calendar year.