India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
IT and pharma companies again save the day; mask pain in domestic consumption.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
In five years, royalty payments have grown 31.1% yearly, much faster than rise in revenue and profit.
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Barring one, three are debt-free and sitting on large cash reserves.
Putting money in key PSUs a better option
Analysts are divided on the deal valuations. Some say Torrent could have bargained harder, as Sanofi, among others, passed it over.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
At its current stock price, RIL now has 8.4 per cent weight in the Sensex against Infosys' 8.8 per cent.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
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Bigger and broader indices do relatively poorly as investors get selective; experts see opportunity if scrips chosen with care.
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Else, more capital outflow and pressure on rupee likely.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
In the last two months, these stocks have lost nearly a quarter of their market cap.
In the last two months, these stocks have lost nearly a quarter of their market cap.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
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