Combined net sales were up 12.6% YoY during the Oct-Dec 2017 quarter, growing at the fastest pace in the last three quarters
Combined net profit of Nifty50 firms estimated to grow by 15.4%
Earnings yield for BSE 500 firms down 120 bps in 12 months; latter up 110 bps
IT exporters are also likely to gain from a recovery in global growth
Mid- and small-cap companies seem to have done better than top-tier companies
At 18.6% of GDP at current prices in FY17, down from a peak of 25.2% in FY10; financial savings at a 2-yr low of 7.8%
Excluding lenders and commodity players, Corporate India likely to report contraction in profits in Q2
Market cap share of banks and NBFCs touches record 22.3%, as boom in retail lending continues unabated
RBI was worried about risks faced India's software exports due to protectionist policies like H1-B
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
M-cap up 29% since end-March 2014, against 72% rise in combined m-cap of all listed companies
However, risks are also increasing and could trigger a change in the trend seen so far
Valuations are steeper for foreign investors
Videocon Industries has debts of Rs 44,000 cr despite Rs 20,000 cr asset sales in last three years
Net profit growth decelerates to 8.6% on raw material cost pressure and weak demand
MNCs have cut back on fresh investment despite a sharp improvement in their profitability
In the past 5 years, payout has grown at 11.9% every year; net profit has declined at a rate of 0.6%
Bellwether index trading at P/E ratio of 22x; market cap to GDP at 81% is among highest in EMs
Index is trading at 21.3x its underlying trailing 12-mth earnings, against 20.9x on Nov 8 last year
Interest rate cuts have not reduced cost of funds for corporates in the past