NIFTY EPS cut by 14.4% and 12.1% for FY21 and FY22: FY20 turned out to be a year with flat NIFTY EPS at 444. We have cut our FY21 and FY22 Nifty EPS by 14.4% and 12.1% and introduced FY23 EPS nos. we now estimate 3% decline in NIFTY EPS for FY21, 34% growth in FY22 and 18% growth in FY23. As FY22 will be a year over a covid-29 base FY23 will be first year of normal growth. While our FY21 EPS estimates are higher than consensus by 2.1%, they are lower than consensus by 3.2% and 7.1% for FY22 and FY23 respectively. Auto, Telecom, BFSI and Metals will be key driver of earnings in FY23 while FY22...