On the third quarter of strong earnings growth from India’s top listed companies, led by metal and mining, oil and gas, banking, financial services and insurance (BFSI) companies.

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Manufacturers and consumer goods companies are, however, expected to face another quarter of margin contraction and decline in earnings. The information technology (IT) services exporters, such as Tata Consultancy Services, Infosys, and Wipro, are likely to maintain their growth momentum but could face margin decline as operating expenses run ahead of revenue growth.