Sudip Bandyopadhyay on sectors that will do well in Q4 and sectors that will not

economictimes.indiatimes.com:

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says: “The way I look at it, infra will come back with a strong set of numbers and so will defence. Apart from that, I am looking at a good set of numbers from BFSI as well as real estate. These are the four-five sectors which definitely will come back with good numbers. As far as other sectors are concerned, IT and FMCG will be a mixed bag. I do not think we will see a major pickup in earnings in IT. Cement, again, will be a little subdued.”
What are you making of the resilience of India equity markets? The fact that crude is already at $91, but the Indian markets are not really absorbing that hit so far and even the central bank seems not perturbed by the sudden spike that one has seen.
Sudip Bandyopadhyay: Crude at $91 does not augur well for India. However, this has just happened and crude prices have been benign for a very long time and this sudden shooting up is predominantly on the back of two things. One is what is happening in Russia and the Gulf and also the Chinese demand suddenly picking up with possible economic recovery in China. Now, the combined effect of all these factors and somewhere I am sure the calculations are that geopolitical tensions will ease and production in Russia as well as the Gulf will stabilise.

But it is anybody's guess where things will go because this is one commodity where I think every prediction is a guesswork, whether it is a good guesswork or a bad guesswork, beyond that it is beyond everybody's control. So, under