 "Earnings management in stressed firms")
The first quarter ended June will qualify as the quarter of very slow growth but decisive growth. However, the second quarter has seen the Nifty and Sensex touching new highs but it also saw a very narrow rally in the markets. The key theme was consumption and most of the other sectors were hit by a weak rupee and high crude oil prices. Crude oil prices were higher and there were headwinds due to rising input costs and interest rates weigh on companies as they enter the earnings season.
The Nifty50 reported an EPS of Rs 115 in the June
