Expert view, July 14 -- Anil Rego, the founder and fund manager at Right Horizons PMS, believes the Nifty 50 EPS may grow at a CAGR of nearly 13 per cent over FY25-FY27, making the case for moderate, earnings-driven gains over the medium term. In an interview with Mint, Rego shared his expectations for Q1 earnings and said he is positive about banking, defence, and consumer discretionary sectors, among others, at this juncture. Edited excerpts:

Following a sluggish start, Indian markets witnessed a notable recovery in June, spurred by a combination of supportive global developments and decisive domestic policy actions.

The Reserve Bank of India's 50 bps rate cut and a 100 bps reduction in the CRR, alongside a 9 per cent monsoon surplus ...