Expect Sensex cos revenue growth at 14.2%: Macquarie

Rakesh Arora, Macquarie says at the index level, the brokerage expects revenue growth for Sensex of 14.2 percent and Nifty of 14.5 percent and PAT growth of 15.5 percent and 14.9 percent, respectively, led by margin expansion of 150 basis points and 110 bps, respectively.

Rakesh Arora, Macquarie says the optimism surrounding the new government is fast translating into good business all around. "At the index level, we expect revenue growth for Sensex of 14.2 percent and Nifty of 14.5 percent and PAT growth of 15.5 percent and 14.9 percent, respectively, led by margin expansion of 150 basis points and 110 bps, respectively," he adds.

He says the brokerage recommended stocks on the back of expected results - Long: Maruti Suzuki , Dr Reddy's Labs , GPPV, IRB Infrastructure ,  YES Bank and short: SAIL , Bajaj Auto , Hindustan Zinc ,  Cairn India and Union Bank of India .

Also read: Will bet on India over US in 5-10 years horizon: Marc Faber

Jason Todd, CIMB says Asia is pro-cyclical and remains a value asset vis-a-vis world equities. "Corporate leverage is not high and at 12x forward earnings, there is a reasonable cushion for bond yields to move higher," he adds.

He further says the brokerage favours markets which will benefit from improving growth and offer good value like China & Korea. "We like the structural story behind India, the Philippines and Vietnam," he adds.

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