Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
A typical consumer will have to opt for Jio's Rs 499 plan, which is a steep 2.5 times more than what the average user pays at present.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
In India, bond yields have fallen nearly 70 basis points in the last one year.
'I am very optimistic about Tech Mahindra'.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Most of the index heavyweights are yet to declare their results.
'India is likely to do better than other emerging markets.'
Analysts, however, said the timing of the infusion was good.
Shares of most European banks are down significantly.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
The Indian indices also offer one of the lowest dividend yields.
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